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Galatina Books Co. shares sell on the market for $98.58 with PUT options at strike price $105 selling for $12.04. What portion of the option

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Galatina Books Co. shares sell on the market for $98.58 with PUT options at strike price $105 selling for $12.04. What portion of the option premium is time value? O $ 12.04 $ 8.58 $5.62 O $4.96 $ 6.02

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