QUESTION 21 For a call option contract, the price at which the option holder can buy the underlying security is called? O a. Premium b. Exercise price. c. Intrinsic value. O d. Time value. QUESTION 22 Rascal has entered into a contract to buy 100 shares of Rally stock for $40 per share anytime over the next six months. He has a: O a. Long position in a call option. b. Short position in a call option. c. Long position in a futures contract. O d. Short position in a put option