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A call option has an exercise price of $12.1 and the stock currently trades at $9.6. The option premium is $1.3 per contract. Calculate the

A call option has an exercise price of $12.1 and the stock currently trades at $9.6. The option premium is $1.3 per contract. Calculate the time value of the option. Round your final answer to the nearest decimal (ex - 11.24 should be rounded to 11.2).

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