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A put option on a single share of Primatech Goods Corp.'s common stock has a market price of $5.70 and expires in six months. The
A put option on a single share of Primatech Goods Corp.'s common stock has a market price of $5.70 and expires in six months. The option has a strike price of $35.00, and the current stock price is $34.01. Select the correct exercise value and time value for this put option in the following table: Exercise Value Time Value Suppose the stock's price increased to $38.06 and the option's market price fell to $0.88. Indicate the option's new exercise value and the new time value in the following table: New exercise value New Time Value
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