21.

Datacorp stock currently trades at $50. August call options on the stock with a strike price of $55 are priced at $5.75. October call options with a strike price of $55 are priced at $6.25. Calculate the value of the time premium between the October and August options.

Select one:

a. -$0.50

b. $0

c. $0.50

d. $5

e. -$5

22.

Consider a stock that is currently trading at $50. Calculate the intrinsic value for a put option that has an exercise price of $35.

Select one:

a. $0

b. $50

c. $35

d. $15

e. $85

Consider a stock that is currently trading at $50. Calculate the intrinsic value for a put option that has an exercise price of $35.

Select one:

a. $0

b. $50

c. $35

d. $15

e. $85