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JMM stock is trading at 30.75. JMM Jul 25 calls are trading at a premium of 7. What is the time value of the JMM

JMM stock is trading at 30.75. JMM Jul 25 calls are trading at a premium of 7. What is the time value of the JMM Jul 25 calls?

A. $700

B. $125

C. $0

D. $575

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