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Atlas stock is selling for $54.38 a share. A $52.50 call is valued at $2.50. What is the time value of ten call option contracts?

Atlas stock is selling for $54.38 a share. A $52.50 call is valued at $2.50. What is the time value of ten call option contracts?

$18.80

$188.00

$6.20

$620.00

$62.00

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