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5. What is the intrinsic value of a 35-strike put option on a non-dividend-paying stock currently priced at $32.27 if the risk-free rate is 3.25%,

5. What is the intrinsic value of a 35-strike put option on a non-dividend-paying stock currently priced at $32.27 if the risk-free rate is 3.25%, the stock's historic volatility is 30%, the option delta is -.45, and expires in 86 days?

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