On May 15, 2019 at 10a.m. a stock traded at $80 per share (St). At that early date, call and put options with different strike prices and one-year maturities were available all with the same expiration dates. Their prices were as shown below. (Assume that the quoted call/option prices did not change during that day's trading.) Strike Price Per Share Put Cost Per Share Call Cost $87.5 $9.75 $0.70 $85 $6.95 $1.05 $82.5 $3.50 $1.25 $80 $0.12 $1.50 Al7. What is the time value, on a per share basis, of the put option with strike price (X) of $85, if the stock Sy price, at contract maturity is projected to be $95? (This is another new scenario.) (a) $-1.95 (b) $1.95 (c) $5.00 (d) $3.05. (e) $10.0