Question: 1. A call option on Snapple Beverage has an exercise price of $30. The current stock price of Snapple Beverage is $24.25. The put option

1. A call option on Snapple Beverage has an exercise price of $30. The current stock price of Snapple Beverage is $24.25. The put option price is $7.75

Is this option at the money option, out-of-the-money option, or in-the-money option?

Compute the intrinsic value and the time value of this option.

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