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 $$65.$ In the

table below, "last" means most recently available purchase price for that option.

a$-1.$Are the call options in the money or out of the money?

In

Out

a$-$ 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$-$

b$-$ Are the put options in the money or out of the money? $1.$

Out

In

b$-$ 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

$.$ Similarly, for put options, the intrinsic value is identical to its payoff line $($slide

$.)($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? $($Select all that

apply$)$