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A stock is currently trading for $48.15 and a nine-month European put option with a strike price of $52 is trading for $5.91. What is

A stock is currently trading for $48.15 and a nine-month European put option with a strike price of $52 is trading for $5.91. What is the time-value component of the put option's price? (Your answer should be in dollars without the dollar sign and accurate to the nearest cent.)

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