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A stocks current price is $26. The premium on a March put option with an exercise price of $26.50 is $2.50. The intrinsic value (IV)

A stocks current price is $26. The premium on a March put option with an exercise price of $26.50 is $2.50. The intrinsic value (IV) of the put option is ______________ and its time value (TV) is ____________.

A. $0.50; $2.00

B. $2.00; $0.50

C. 0; $2.50

D. $1.50; $1.00

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