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A stock is at $50.77. The strike (exercise) price of a three-month call option is at $46.67. The call option is priced at $9.27, the
A stock is at $50.77. The strike (exercise) price of a three-month call option is at $46.67. The call option is priced at $9.27, the time value of the option is $____ (please use 2 decimal places)
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