Option Intrinsic Values: Call Intrinsic Value = Max (S, - X,0) Put Intrinsic Value = Max (X - S. ,0) Black-Scholes Call Co = SON(d ) - Xe " N(d, ) , d = In , d, =d -ovT ONT Black-Scholes Put Po = -SON(-d, ) + Xe "N(-d2 ) , dj = In so / + ( r to) 2 )I , d, =d -ovT ONT Implied volatility: That o which makes the "Imputed" option price (calculated from the Black-Scholes Option Pricing Formula) equal to the "Actual" option price.Use the Black-Scholes formula to estimate the call and the put price for options using: X = 40, r = 4%, o = 30%, T = 1, So ranging from 30 to 50 (increments of 2) Now calculate call intrinsic values and put intrinsic values for the same options. Now graph both the call price and the call intrinsic value on the same diagram (Fig 1) with S,J on the x-axis. Similarly, graph both the put price and the put intrinsic value on the same diagram (Fig 2) with S0 on the xaxis. Submit these prices and the two graphs (Fig 1 and Fig 2)