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A stock with a current market price of $48.30 has an associated call option priced at $8.20 and a strike price of $42.50. This call

A stock with a current market price of $48.30 has an associated call option priced at $8.20 and a strike price of $42.50. This call has an intrinsic value of ______ and a time value of _____.

$2.40;$5.80

$0; $8.20

$5.80; $2.40

$8.20; $0

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