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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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