assume that a stock is selling for $47 with options available at 20, 30, and 40 strike price. The 30 call option is at 10 1/2. Calculate the following:

A) The intrinsic value of the $40 call.

B) Is the call in the money?

c)The speculative premium on the 30 call option

D) The percent the speculative premium represents of the common stock price