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Nightingale Plc.s shares are currently trading at 18.50 per share. A put option has been issued with Nightingales shares as the underlying asset, which has

Nightingale Plc.s shares are currently trading at 18.50 per share. A put option has been issued with Nightingales shares as the underlying asset, which has a strike price of 18.00 per share and a call premium of 0.84 per share. Given the information above, the time value of the call option would be:

(a) 0.84.

(b) 0.00.

(c) 0.34.

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