You are considering buying a call option for Monaco Group. The company's current stock price is $42.50, and the call option you are looking at sells for $5.90 with a $40.00 strike price and six months to expiration 1. What is the intrinsic value of this option today? 2. What is the premium of this option today? 3. If the perceived future volatility of the shares of Monaco Group was to decrease, what would happen to the price of this option? 12pt Paragraph T = VE