What are the following call options' intrinsic values and time premiums if the price of the underlying stock is $55 
Definitions:
Field Experiment
A study conducted in a real-world setting where the researcher manipulates one or more variables to observe the effect on a particular outcome.
Independent Variable
The factor in an experiment that is intentionally changed to observe its effect on the dependent variable.
Role Models
are individuals admired for their behaviors, qualities, or achievements, who serve as examples for others to emulate.
Behavior Modeling
A training method that involves showing learners how to perform a behavior by acting it out, often used in skill acquisition.
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