P14.3 Verizon is trading at $36. Put options with a strike price of $45 are priced at

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P14.3 Verizon is trading at $36. Put options with a strike price of $45 are priced at $10.50.

What is the intrinsic value of the option, and what is the time value?

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Fundamentals Of Investing

ISBN: 9781442532885

3rd Edition

Authors: Lawrence J. Gitman, Michael D. Joehnk, Scott Smart, Roger Juchau, Donald Ross, Sue Wright

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