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2a. A call option on Project Cash Flow Consulting Inc.'s stock (PCF) has a market price of $7.00. The stock currently sells for $30/share (P),
2a. A call option on Project Cash Flow Consulting Inc.'s stock (PCF) has a market price of $7.00. The stock currently sells for $30/share (P), and the option has a strike price of $25/share (X). 2B. What is the exercise value (payoff) of the call option? 2C. What is the option's time value based on the option's market price and the exercise value?
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