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9) Consider a call option on Apple Inc expiring in June-2022 with strike price of $180. If the price of the option is $2.50 and

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9) Consider a call option on Apple Inc expiring in June-2022 with strike price of $180. If the price of the option is $2.50 and Apple stock is currently trading at $181, which if the following statements is correct? a) The option has a time value of $2.50 and no intrinsic value b) The option has a time value of $1.50 and an intrinsic value of $1.00 c) The option has no time value and an intrinsic value of $2.50 d) The option has no time value and an intrinsic value of $1.00

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