QUESTION $11$

BLW stock is trading at $$60$ a share. Call options on the company's stock are also available, some with a strike price of $$55$ and some with a strike price of $$55.$ Both options expire in three months. Which of the following best describes the value of these options?

a$.$ The options with the $$55$ strike price will sell for less than the options with the $$65$ strike price.

b$.$ The options with the $$65$ strike price have an intrinsic value greater than $$0.$

c$.$ The options with the $$55$ strike price will sell for $$5.$

d$.$ If $BLW\text{'}$s stock price fell by $$5,$ the intrinsic value of the options with the $$55$ strike price would decrease by $$5.$