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If the price of call #2 is $1.20, how much is its time value? a) $0 b) $1.35 c) $0.15 d) $1.20 Call Price ATM

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If the price of call #2 is $1.20, how much is its time value?

a) $0
b) $1.35
c) $0.15
d) $1.20
Call Price ATM Call #1 Call #2 $1.35 S2 Spot XR S

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