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Barclays plc is trading at 160 (Pound sterling). Put options with a strike price of 155 are priced at 5.5. What is the intrinsic value

Barclays plc is trading at £160 (Pound sterling). Put options with a strike price of £155 are priced at £5.5. What is the intrinsic value of the option, and what is the time value?

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