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Q2 A call option on Project Cash Flow Consulting Inc.'s stock (PCF) has a market price of $7.00. The stock currently sells for $30/ share

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Q2 A call option on Project Cash Flow Consulting Inc.'s stock (PCF) has a market price of $7.00. The stock currently sells for $30/ share (P), and the option has a strike price of $25/ share (X). Q2a What is the exercise value (payoff) of the call option? Q2b What is the option's time value based on the option's market price and the exercise value? Q3 Use the Black-Scholes Option Pricing Model to value a call option on the stock of Houston-based Long-Range Videoing Equipment Inc. d.b.a. Outfield Sign Stealers Inc

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