Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $61.

						Calls							Puts
Option and NY Close	Expiration			Strike Price		Vol.			Last				Vol.			Last
RWJ
		Mar		55			231			3.30				161			3.40
		Apr		55			171			9.15				128			8.15
		Jul		55			140			10.00				44			11.00
		Oct		55			61			10.90				12			10.55

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

a-2.	What is 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.)

Intrinsic Value = ??

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

b-2.	What is the intrinsic value of an RWJ Corp. put option contract? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Intrinsic Value = ??

c.	Two of the options are clearly mispriced. Which ones? (Select all that apply)

Mar Call

Apr call

oct call

mar put

oct put

apr put