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A call option on the stock of Longstreet Communications Inc. has a market price of $6. The stock sells for $35 a share, and the

A call option on the stock of Longstreet Communications Inc. has a market price of $6. The stock sells for $35 a share, and the option has a strike price of $30 a share. What is the options time value?

  • A. $6
  • B. $11
  • C. $5
  • D. $1
  • E. $30

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