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Apple stock is selling for $120.00 per share. Call options with an $117.00 exercise price are priced at $12.00. What is the intrinsic value of

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Apple stock is selling for $120.00 per share. Call options with an $117.00 exercise price are priced at $12.00. What is the intrinsic value of the option, and what is the time value? The intrinsic value of the option is $ (Round to the nearest cent.) The time value of the option is $ (Round to the nearest cent)

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