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A call option on the stock of Bedrock Boulders has a market price of $9. The stock sells for $30 a share, and the option

A call option on the stock of Bedrock Boulders has a market price of $9. The stock sells for $30 a share, and the option has a strike price of $24 a share. Round your answers to the nearest dollar.

What is the exercise value of the call option?

What is the option's time value?

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