You have taken a long position in a call option on IBM common stock. The option has an exercise price of $152 and IBM's stock currently trades at $155. The option premium is $5 per contract. a. How much of the option premium is due to intrinsic value versus time value? Option Premium Intrinsic value $ Time value b. What is your net profit on the option if IBMs stock price increases to $165 at expiration of the option and you exercise the option? (Negative amount should be indicated by a minus sign.) Net profit $ per share c. What is your net profit if IBMs stock price decreases to $145? (Negative amount should be indicated by a minus sign.)