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3 pts Question 3 Assume that a stock is selling for $47 with options available at 20, 30, and 40 strike prices. The 40 call

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3 pts Question 3 Assume that a stock is selling for $47 with options available at 20, 30, and 40 strike prices. The 40 call option is at $9. Calculate the percent the speculative premium represents of the common stock price. (Report a number and keep 4 decimal places. e.g. report 0.1501 instead of 15.01%.)

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