A call option gives its owners the right, but not the obligation, to: buy a commodity at a specified price and future date, at which time physical delivery occurs. sell a specified number of shares at a certain price within a specified period of time. sell a commodity at a specified price and future date, but physical delivery does not occur. buy a specified number of shares at a certain price within a specifled period of time. A call option on a single share of Spade and Archer Inc.'s common stock has a market price of $9.76 and expires in six months. The option has an exercise, or strike, price of $82.00, and the current stock price is $89.71. Select the correct exercise value and time value for this call option in the following table: Exercise value Time Value Suppose the stock's price fell to $80.11 and the option's market price fell to $3.01. Indicate the option's new exercise value and the new time value in the following table: New exercise value New Time Value