The table below contains the current prices for calls and puts with various strike prices and a stock currently priced at $129 Todays Date Current Stock Price: Option expiration 3 month risk free rate 2/23/2018 $129.00 5/23/2018 (Assume T .25) 3.00% (quoted on an annualized basis) Put Premiums $ 2.78 Call Premiums Strike Price 11.00 $7.85 $ 5.25 125 130 $135 4.27 $6.93 1. Calculate each option's Intrinsic Value, Time Value, upper and lower bounds. (For this part assume the options are American) TV upper bound (In $'s) lower bound (in $'s) $125 Strike Call $125 Strike Put $130 Strike Call $130 Strike Put $135 Strike Call $135 Strike Put