1. You have purchased a call option on ABC Corp. common stock. The current market price is $77. The option exercise (strike) price is $70. The option price was $12.50. A. How much of the option price is "in the money" (intrinsic value)? = B. How much of the option price is for time? = C. If the stock prices rises to $96.50 and the option is exercised what will be your profit? = D. If the stock price stays at $77 and the option expires what will be your gain or loss on strictly the option? =