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A call option with a strike price of 110 is selling for 3.50 when the market price of the underlying stock is 108. The intrinsic
A call option with a strike price of 110 is selling for 3.50 when the market price of the underlying stock is 108. The intrinsic value of the call is: (published CFP question, 1994)
a, 1.50
b, 0.00
c. 2.00
d. -2.00
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