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A put option written on MECCS stock, with exercise price of $ 6 0 is currently priced at $ 4 . 8 7 . The

A put option written on MECCS stock, with exercise price of $60 is currently priced at $4.87. The stock's price today is $57.50. What is the time value of the put option?
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$2.37
$0.23
$2.50
$4.87

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