Required information The fair market value of a near-month call option with a strike price of $45 is $5, when the stock is trading at $48. Based on the preceding information, which of the following is true of the intrinsic and time values associated with this option. Intrinsic Value Time Value 2606 A) $5 $0 $0 $5 $3 $2 D) $2 $3 Multiple Choice