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A one-month put has a strike price of $45.00 and an option premium of $1.10. The underlying stock is selling for $45.80 per share. What

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A one-month put has a strike price of $45.00 and an option premium of $1.10. The underlying stock is selling for $45.80 per share. What is the time value of the put? In this question, you can assume one option gives the holder the right to buy or sell 1 share

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