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An American-style call option with six months to maturity has a strike price of $35. The underlying stock now sells for $43. The call premium

An American-style call option with six months to maturity has a strike price of $35. The underlying stock now sells for $43. The call premium is $12. What is the intrinsic value of the call?

a. 23

b. 8

c. 0

d. 12

What is the time value of the call?

a. Cannot be determined w/o more info

b. 8

c. 4

d. 0

e. 12

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