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A Microsoft January 18, 2021 call option with an exercise price of $115 costs $7. Microsoft trades today for $120. What is the intrinsic value

A Microsoft January 18, 2021 call option with an exercise price of $115 costs $7. Microsoft trades today for $120. What is the intrinsic value of the option:

a. $2

b. $5

c. $7

d. $115

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