The price of Stock ABC is currently $48. A call option on 100 shares of Stock ABC has an exercise price of $50 and this option currently sells for a premium of $3.50. A. Is the option currently “in” or “out” of the money? B. What is the intrinsic value and the time value of the option today? C. What is the break-even future stock price associated with the options? D. What is the maximum gain from writing the option? E. What is the maximum gain from buying the option? F. What is the maximum loss from writing the option? G. What is the maximum loss from buying the option? H. Given the payoffs you just described, why would any rational person ever write a call option?