A call option exists on the $/€. The exercise price is $1.10. Right now the call option can be purchased for $0,15. $/€ is currently selling for $1.12. What is the "intrinsic value" of the call option? Explain the payoff. c. A put option exists on $/€. The exercise price is $1.10. Right now the put option can be purchased for $0,01. $/€ is currently selling for $1.12. What is the "intrinsic value" of the put option’ Explain the payoff.