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The current market price of Belamore Ltd stock is $45.60 and has an associated call option priced at $7.90 and a strike price of $40.00.

The current market price of Belamore Ltd stock is $45.60 and has an associated call option priced at $7.90 and a strike price of $40.00. This call has an intrinsic value of ______ and a time value of _____. Multiple Choice

$0; $7.90

$7.90; $0

$2.30; $5.60

$5.60; $2.30

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