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Assume that the Japanese yen is trading at a spot price of 92.40 cents per 100 yen. Further assume that the premium of an American

Assume that the Japanese yen is trading at a spot price of 92.40 cents per 100 yen. Further assume that the premium of an American call (put) option with a striking price of 93.12 is 3.30 (3.40) cents. Calculate the intrinsic value and the time value of the call and put options.

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