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A Cake Depot call option with the strike price 5 0 is priced at $ 4 . 0 5 . Cake Depot stock is currently

A Cake Depot call option with the strike price

50

is priced at $

4.05 .

Cake Depot stock is currently selling for $

51.92 .

Calculate a time value of the option.

Round the answer to two decimal places.

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