A call option has a strike price of X = $100 and a time to expiration of 9 months. The risk free rate is r = 2.5% and the volatility is sigma = 15. #102:50, th Black Scholes Model gives a call option price of $7.66. 1. The intrinsic value is $2.50 W. The time premium is $5.16 II. The call option is in the money" a.land bill and Oc., Ward Od only el only