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Assume a stock is selling for $40 with options available at 40, 45, and 50 strike prices. The 45 call option price is at $3.

Assume a stock is selling for $40 with options available at 40, 45, and 50 strike prices. The 45 call option price is at $3. What is the intrinsic value of the 50 call? Is the 45 call in the money?

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