Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $72.

Calls

Puts

Option and

NY Close

Expiration

Strike Price

Vol.

Last

Vol.

Last

RWJ

Mar

65

242

4.40

172

4.50

Apr

65

182

10.25

139

9.25

Jul

65

151

11.10

55

12.65

Oct

65

72

12.00

23

11.65

						Calls	Puts
Option and
NY Close	Expiration	Strike Price	Vol.	Last	Vol.	Last
RWJ
		Mar		65			242			4.40			172			4.50
		Apr		65			182			10.25			139			9.25
		Jul		65			151			11.10			55			12.65
		Oct		65			72			12.00			23			11.65

						Calls	Puts
Option and
NY Close	Expiration	Strike Price	Vol.	Last	Vol.	Last
RWJ
		Mar		65			242			4.40			172			4.50
		Apr		65			182			10.25			139			9.25
		Jul		65			151			11.10			55			12.65
		Oct		65			72			12.00			23			11.65

						Calls	Puts
Option and
NY Close	Expiration	Strike Price	Vol.	Last	Vol.	Last
RWJ
		Mar		65			242			4.40			172			4.50
		Apr		65			182			10.25			139			9.25
		Jul		65			151			11.10			55			12.65
		Oct		65			72			12.00			23			11.65

Are the call options in or out of the money? What is the intrinsic value of an RWJ Corp. call option? Are the put options in or out of the money? What is the intrinsic value of an RWJ Corp. put option? Two of the options are clearly mispriced. Which ones? -Mar Call -Apr Call -Oct Call -Mar Put -Oct Put -Apr Put