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10. A stock has a market value of $34.50 a share. The $35 call option is priced at $1.10. The intrinsic value of this option

10. A stock has a market value of $34.50 a share. The $35 call option is priced at $1.10. The intrinsic value of this option is A. $0 B. $1.10 C. $.50 D. $.65 E. $1.60

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