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A Cake Depot call option with the strike price 55 is priced at $4.01. Cake Depot stock is currently selling for $56.27. Calculate an intrinsic

A Cake Depot call option with the strike price 55 is priced at $4.01. Cake Depot stock is currently selling for $56.27. Calculate an intrinsic value of the option. Round the answer to two decimal p...

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