13. (Exercise value and time premium) American Express common stock is currently selling for $39.59. A call option expiring in 30 days with a strike price of $40 is selling for $0.85. A put option with the same strike price and expiration is selling for $1.20. a. What is the exercise value of the call option? a. -$1.20 b. -$0.85 c. -$0.79 d. -$0.41 e. $0.00 f. $0.41 g. $0.79 h. $0.85 i. $1.20 b. What is the time premium of the call option? a. -$1.20 b. -$0.85 c. -$0.79 d. -$0.41 e. $0.00 f. $0.41 g. $0.79 h. $0.85 i. $1.20 c. c. What is the exercise value of the put option? a. -$1.20 b. -$0.85 c. -$0.79 d. -$0.41 e. $0.00 f. $0.41 g. $0.79 h. $0.85 i. $1.20 d. What is the time premium of the put option? a. -$1.20 b. -$0.85 c. -$0.79 d. -$0.41 e. $0.00 f. $0.41 g. $0.79 h. $0.85 i. $1.20