Question: I need help please ASAP! I just need the answer. 1. A stock with a current market price of $26.50 has an associated call option

I need help please ASAP! I just need the answer.

1. A stock with a current market price of $26.50 has an associated call option priced at $5.60 and a strike price of $22.50. This call has an intrinsic value of ______ and a time value of _____.

_QC_52055

$1.60; $4.00

$4.00; $1.60

$0; $5.60

$5.60; $0

2.You purchase one IBM July 136 call contract for a premium of $11. You hold the option until the expiration date, when IBM stock sells for $145 per share. You will realize a ______ on the investment.

$900 loss

$200 profit

$900 profit

$200 loss

3.An investor purchases a long call at a price of $3.50. The exercise price is $55. If the current stock price is $55.10, what is the break-even point for the investor?

$58.50

$58.60

$55.00

$51.50

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