A warrant to purchase 10 shares in Upwood plc at an exercise price of 3.00 with a duration of one year is currently trading at 8.50. If the current share price for Upwood plc is 3.25, what is the correct split between time value and intrinsic value for the warrant's market value? O A. Intrinsic value: zero Time value: 8.50 O B. Intrinsic value: 8.50 Time value: zero O C. Intrinsic value: 6.00 Time value: 2.50 O D. Intrinsic value: 2.50 Time value: 6.00 O E. Intrinsic value: 7.25 Time value: 1.25