You have taken a long position in a call option on IBM common stock. The option has an exercise price of $142 and IBM's stock currently trades at $148. The option premium is $7 per contract. How much of the option premium is due to intrinsic value versus time value? Intrinsic value $ Time value What is your net profit on the option if IBM's stock price increases to $158 at expiration of the option and you exercise the option? (Negative amount should be indicated by a minus sign.) Net profit $ per share What is your net profit if IBM's stock price decreases to $138? (Negative amount should be indicated by a minus sign.) Net profit $ per share