Question 7 1 pts Suppose you buy a put option on ABC Inc. for $1.00 that expires in three months with a strike price of $9.00. Currently ABC is trading at $9.35 per share. The intrinsic and time value on this option is closest to: $0.65 of Intrinsic Value and $0.35 of Time Value $0.00 of Intrinsic Value and $1.00 of Time Value O $1.00 of Intrinsic Value and $0.00 of Time Value $0.35 of Intrinsic Value and $0.65 of Time Value Question 8 1 pts Suppose you buy a call option on ABC Inc. for $1.00 that expires in three months with a strike price of $10.00. Currently ABC is trading at $9.35 per share. The intrinsic and time value on this option is closest to: $0.35 of Intrinsic Value and $0.65 of Time Value $0.00 of Intrinsic Value and $1.00 of Time Value $1.00 of Intrinsic Value and $0.00 of Time Value $0.65 of Intrinsic Value and $0.35 of Time Value