Can you explain how to do both questions 5 and 6.

Both Easy questions, just need explanation.

Please use this information to answer questions 3.-7. Braddock Construction Go's stock is trading at $19 a share Call options that expire in three months with a strike price of $20 se'll for $1.50 3. What is the exercise value of this option? a. SO .SO.5 . What is the time value of this option? 1.50-? Osos a. S b. $2 d. S1.5 5. What is the payoff for a long position on the call if the stock price decreases to $18 a share? so b. S2 e.$0.5 .-50.5 6. What is the profit for a long position on the call if the stock price decreases to $18 a share? a. SO so.5 e.$0.5 d.-$1.5