A call option has a strike price of $65 and is selling for $5 in the market. The underlying asset is trading at $68. What is the intrinsic value and time value respectively, of this option?
A) Intrinsic value $0, Time value $0
B) Intrinsic value $0, Time value $5
C) Intrinsic value $2, Time value $3
D) Intrinsic value $3, Time value $2
E) Intrinsic value $3, Time value $5

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The Answer of A call option has a strike price of $65 and is selling for $5 in the market. The underlying asset is trading at $68. What is the intrinsic value and time value respectively, of this option?
A) Intrinsic value $0, Time value $0
B) Intrinsic value $0, Time value $5
C) Intrinsic value $2, Time value $3
D) Intrinsic value $3, Time value $2
E) Intrinsic value $3, Time value $5

A Call Option Has a Strike Price of $65 and Is