A call option has a strike price of X - $100 and a time to expiration of 9 months. The risk free rate isr 2.5% and the volatility is sigma = 15. #S-102.50, the a price of a call option is $7.66. If the volatility is increased to sigma = 0.25, 1. The call option value will decrease II. The intrinsic value is unchanged II. The time premium will increase O a. I and Il only O bill and Ill only O c. 1, 11, and d. lll only Oe. I only