Problem 21 Part 1 Attempt 1/3 for 10 pts. The difference between the market price of an option and its intrinsic value represents the of the option O strike value time value adjusted intrinsic value duration Submit Part 1 Attempt 3/3 for 8 pts. Which of the following statements are true about the value of an option? Check all that apply: Before option expiration, the actual value of an option is greater than its intrinsic value. At option expiration, the time value of an in-the-money call option is always equal to zero. The value of a call option increases when the price of the underlying asset increases. Before option expiration, the value of an out-of-the-money call option is equal to zero. As the price of the underlying asset increases, the value of a call option approaches its intrinsic value. Submit