If We Have a Stock Selling for $95

Multiple Choice

If we have a stock selling for $95.00 and a call option for this stock has a strike price of $82.00 and an option price of $13.60:

A) the intrinsic value of the option is $0.60 and the time value of the option is $13.00.
B) the intrinsic value is $82.00 and the time value of the option is $13.60.
C) the intrinsic value of the option is $13.00 and the time value of the option is $0.60.
D) the intrinsic value is $0 since the option is out of the money.