You have taken a long position in a call option on IBM common stock. The option has an exercise price of $$176$ and IBM's stock currently trades at $$180.$ The option premium is $$7$ per contract. $($LG $10-4)$a$.$ How much of the option premium is due to intrinsic value versus time value? B$.$ What is your net profit on the option if IBM's stock price increases to $$190$ at expiration of the option and you exercise the option?C$.$ What is your net profit if IBM's stock price decreases to $$170?$