Find the intrinsic value of a call for both the buyer and


1. Find the intrinsic value of a call for both the buyer and writer if the market price of the underlying stock is $37.50 per share, up from $34.00 three months ago.

2. Find the buyer's and writer's intrinsic value of a put whose strike price is $28.50 when the market price of the stock goes up to $32.00.

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Financial Management: Find the intrinsic value of a call for both the buyer and
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