The fair market value of a near-month call option with a strike price of $45 is $5, when the stock is trading at $48.
-Based on the preceding information, which of the following is true of the intrinsic and time values associated with this option. 
Definitions:
Virtual communities
Online networks of individuals who share interests, ideas, or goals and interact through social media, forums, or other digital platforms.
In-group
A social group to which a person psychologically identifies as being a member, often distinguishing members from those in out-groups.
Out-group
A social group toward which an individual feels a sense of competition or opposition, often leading to discrimination or hostility.
Loyalty
A strong feeling of support or allegiance to someone or something.
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