Underlying stock price: 25 
What is the time value per share of the January call?
Definitions:
Perpetuity
A type of annuity that pays an infinite series of cash flows, with no end date.
Duration
Duration measures a bond's sensitivity to interest rate changes, representing the weighted average time until a bond's cash flows are paid to the investor.
Annual Pay
The total monetary compensation an employee receives from their employer in a one-year period, including all forms of salary, bonuses, and other financial benefits.
Asset Portfolios
Collections of various types of investments held by individuals or institutions to diversify risk and achieve financial goals.
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