The exercise price on one of Flanagan Company's options is $14, its exercise value is $23, and its time value is $7.
What are the option's market value?$
What is the price of the stock? $
A call option on the stock of Bedrock Boulders has a market price of $7. The stock sells for $30 a share, and the option has a strike price of $25 a share.
What is the exercise value of the call option? $
What is the option's time value? $