Verizon is trading at $50.13. Put options with a strike price of $54.90 are priced at $5.34. What is the intrinsic value

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answerhappygod
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Verizon is trading at $50.13. Put options with a strike price of $54.90 are priced at $5.34. What is the intrinsic value

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Verizon is trading at $50.13. Put options with a
strike price of $54.90 are priced
at $5.34. What is the intrinsic value of
the​ option, and what is the time​ value?
Part 1
The intrinsic value of the option is__________
​(Round to the nearest​ cent.)
Part 2
The time value of the option is______
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