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An analyst gathers the following information on an option contract: Option type: European call option Exercise price: $28.01 Spot price: $26.50 Options market price: $2.15
An analyst gathers the following information on an option contract:
- Option type: European call option
- Exercise price: $28.01
- Spot price: $26.50
- Options market price: $2.15
Calculate the time value of the option (in $). Round your final answer to 2 decimal places.
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