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Curt Jones purchases a Call Option on IDM for $3.00. The option's strike price (X) is $55. Assuming IDM's current stock price (S) is $45,
Curt Jones purchases a Call Option on IDM for $3.00. The option's strike price (X) is $55. Assuming IDM's current stock price (S) is $45, what is the intrinsic value of the option?
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