A call option on a single share of Initechs common stock has a market price of $7.02 and expires in six months. The option has an exercise, or strike, price of $68.00, and the current stock price is $72.39. Select the correct exercise value and time value for this call option in the following table:

What is the Exercise value ?

What is the Time Value ?

Suppose the stocks price fell to $67.22 and the options market price fell to $2.98. Indicate the options new exercise value and the new time value in the following table:

What is the New exercise value ?

What is he New Time Value?