hello please help me with these two. a step by step explanation will help. thank you. will upvote for step by step explanation

ns Animations Slide Show Review >> Tell me Share v A A' S AVANO Paragraph Insert Drawing Question 25 What is the time value of a put with a strike price of $30 when the option price is and the underlying common stock sells for $27? A) $1 B) $2 C) $3 D) $4 Click to add chos Notes Coments W + MacBook Pro . ES 00 7 DO DH FE Fe FO & N 6 7 ) 0 8 9 O Animations Slide Show Review >> Tell me Share Cor V - A A A LAVABO Paragraph Insert Drawing Sensitivity Des Ide Question 23 Lew paid $300 to purchase a call (unit of trade - 100) on Delta with a strike price of $25. What does the market price of Delta have to be for Lew to break-even on his option investment? ignore transaction costs and taxes. A) $22 B) $25 C) $28 D) cannot be determined from the information provided Sd notes Comments O w G MacBook Pro DO . FE 00 FT DD F FO 1 & - 6 7 8 9 9 0