QUESTION 53 A stock with a current market price of $50 and a strike price of $45 has an associated call option priced at $6.50. This call has an intrinsic value of and a time value of $1.50; $5 $0; $6,50 $5: $1.50 $6.50; $0 QUESTION 58 The current stock price of National Paper is $69, and the stock does not pay dividends, The instantaneous risk-free rate of return is 10%. The instantaneous standard deviation of National Paper's stock is 25%. You want to purchase a call option on this stock with an exercise price of $70 and an expiration date 73 days from now. Using the Black-Scholes OPM, the call option should be worth today, $3.26 $2.50 $2.94 $3.50