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3. For a call option on IBM, if the current market price is $108 per share, the strike price is $95 per share, and the
3. For a call option on IBM, if the current market price is $108 per share, the strike price is $95 per share, and the option value is $15 per share, how much is this options intrinsic value and time value?
4. Continue from #3, if the option is a put option, then whats the intrinsic value and time value?
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