Use the option quote information shown here to answer the questions that follow. The stock is currently selling for $77.

						Calls							Puts
Option and NY Close	Expiration			Strike Price		Vol.			Last				Vol.			Last
RWJ
		Mar		70			247			4.90				177			5.00
		Apr		70			187			10.75				144			9.75
		Jul		70			156			11.60				60			13.40
		Oct		70			77			12.50				28			12.15

a-1.

Are the call options in the money?

	In
	Out

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?

	Out
	In

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? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)

	Mar call
	Apr call
	Oct call
	Mar put
	Oct put
	Apr put