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Consider the following data for Stock HHH and then answer the questions: Price of Stock HHH $52.00 Exercise Price of 3-month Put $55.00 Market Price

Consider the following data for Stock HHH and then answer the questions:

Price of Stock HHH $52.00
Exercise Price of 3-month Put $55.00
Market Price of Put $6.00

What is the time value for the put?

What is the maximum profit the seller of a put could earn?

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