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Full Description (8-1) A call option on the stock of Bedrock Boulders has a market price of $7. The stock sells for $30 a share,

Full Description

(8-1) A call option on the stock of Bedrock Boulders has a market price of $7. The stock sells for $30 a share, and the option has a strike price of $25 a share. What is the exercise value of the call option? What is the options time value?

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