Given the following information,finish the following sentences: 
a. The intrinsic value of the call is _________.
b. The time premium paid for the call is ________.
c. If an investor established a covered call position, the amount invested is _________.
d. The most the buyer of the call can lose is ________.
e. The maximum amount the seller of the call naked can lose is ________.
Definitions:
Direct Labor Budget
A financial plan that estimates the cost of direct labor needed to meet production goals, often detailed by departments or projects.
Production Budget
An estimate of the total units that must be produced in a given period to meet both sales and inventory needs.
Direct Materials Budget
A financial plan that estimates the raw materials needed to meet production targets and the expected costs of those materials.
Materials Per Unit
The quantity of materials required to manufacture a single unit of product, often used in costing and budgeting.
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