The table below contains the option quote information for a company called RWJ Corp. The stock shares of RWJ Corp. can be bought or sold in today's market for $76. In the table below, "last" means most recently available purchase price for that option.

						Calls							Puts
Option and NY Close	Expiration in year 2023			Strike Price		Vol.			Last				Vol.			Last
RWJ
		Mar		69			246			4.80				176			4.90
		Apr		69			186			10.65				143			9.65
		Jul		69			155			11.50				59			13.25
		Oct		69			76			12.40				27			12.05

a-1.	Are the call options in the money or out of the money?
	multiple choice 1 In Out

a-2.	Calculate the intrinsic value of an RWJ Corp. call option. (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

b-1.	Are the put options in the money or out of the money?
	multiple choice 2 Out In

b-2.

Calculate the intrinsic value of an RWJ Corp. put option. (HINT: Notice that the intrinsic value for a call option (slide 46) is identical to the call option payoff line (slide 14). Similarly, for put options, the intrinsic value is identical to its payoff line (slide 22).) (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

c.	In the table above, two of the options are not priced correctly, i.e., are either more expensive or cheaper than what they should sell for. Which two?

Mar call

apr call

oct call

mar put

oct put

apr put