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Assume that a certain stock's current price in the open market stands at $22.05 per share. The premium on the call option for this stock

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Assume that a certain stock's current price in the open market stands at $22.05 per share. The premium on the call option for this stock is currently $3.29. If the call option has a strike price of $20, what is the option's time premium? Show ALL work, carrying all calculations out to four (4) decimal places. Highlight your answer in bold. TT T Arial 4 3(12pt) I Path: P Words:0

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