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A stock is currently trading for $6.1 and a nine-month European put option with a strike price of $8 is trading for $5.4. What is
A stock is currently trading for $6.1 and a nine-month European put option with a strike price of $8 is trading for $5.4. What is the intrinsic-value component of the put option's price? (Your answer should be in dollars without the dollar sign and accurate to the nearest 10 cents.)
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