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A call option with a strike of $50 sells for $1.22. The underlying stock price is 50.54. What is the time value of this call?

A call option with a strike of $50 sells for $1.22. The underlying stock price is 50.54. What is the time value of this call?

A put option with a strike of $20 sells for $0.78. The underlying stock price is 20.54. What is the intrinsic value of this option?

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