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21) The current market price of Belamore Ltd stock is $64.50 and has an associated call option priced at $10.00 and a strike price of

21) The current market price of Belamore Ltd stock is $64.50 and has an associated call option priced at $10.00 and a strike price of $57.50. This call has an intrinsic value of __ and a time value of ___.

Multiple Choice $7.00; $3.00 $10.00; $0 $3.00; $7.00

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