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A put option has a strike price of $27.50 and a stock price of $20.00. If the put option is trading at $12.00, what is
A put option has a strike price of $27.50 and a stock price of $20.00. If the put option is trading at $12.00, what is the time value embedded in the option?
$6.60
$5.75
$7.50
$4.50
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