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A call option on Regeneron stock has a market price of $83. The stock sells for $570 a share, and the option has a strike

image text in transcribed A call option on Regeneron stock has a market price of $83. The stock sells for $570 a share, and the option has a strike price of $550 a share. What is the exercise value of the call option? \$ What is the option's time value? \$

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