5(a). For a six-month European call with an exercise price of $20, draw a diagram showing (1) the intrinsic value with three months remaining and (ii) the approximate Black-Scholes option pricing line. Label the diagram. (6 points) (b) In question 5(a) above, why is the time value of the option at So = $30 different than it is at So = $20? Explain (6 points) 5(a). For a six-month European call with an exercise price of $20, draw a diagram showing (1) the intrinsic value with three months remaining and (ii) the approximate Black-Scholes option pricing line. Label the diagram. (6 points) (b) In question 5(a) above, why is the time value of the option at So = $30 different than it is at So = $20? Explain (6 points)