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A stock with a current market price of $59.10 has an associated call option priced at $9.40 and a strike price of $52.50. This call

A stock with a current market price of $59.10 has an associated call option priced at $9.40 and a strike price of $52.50. This call has an intrinsic value of ______ and a time value of _____.

Multiple Choice

  • $9.40; $0

  • $6.60; $2.80

  • $2.80; $6.60

  • $0; $9.40

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