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If a stock call option has the following information: S=$120 (stock current price), X=$110 (call option exercise price), c=$11.50 (call option premium). This call options

If a stock call option has the following information: S=$120 (stock current price), X=$110 (call option exercise price), c=$11.50 (call option premium). This call options Time Value = ___________.

A.

$1.50

B.

$10.00

C.

$11.50

D.

None of the answer selections

E.

3.50

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