You have bought a call option oN common stock. The option has an exercise price of $$155$ and stock currently trades at $$159.$ The option premium is $$7$ per contract.

a$.$ How much of the option premium is due to intrinsic value versus time value?

b$.$ What is your net profit on the option if Marathon's stock price increases to $$169$ at expiration of the option and you exercise the option?

c$.$ What is your net profit ifs stock price decreases to $$149?$