You are given the following information concerning options on a particular stock:

Stock price$=$

$$97$

Exercise price$=$

$$102$

Risk$-$free rate$=$

$2\mathrm{.}5\%$ per year, compounded continuously

Maturity$=$

$7$ months

Standard deviation$=$

$25\%$ per year

$($a$)$What is the intrinsic value of the call option? $($Please keep two digits after the decimal point.$)$

Intrinsic value$=$$

$($b$)$What is the time premium of the call option? $($Please keep two digits after the decimal point.$)$

Time premium of the call option$=$$