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On July 5, 2020, Alpha Corp. purchased a call option for $ 2,400, giving it the right to buy 1,000 shares of Omega Corp. for
On July 5, 2020, Alpha Corp. purchased a call option for $ 2,400, giving it the right to buy 1,000 shares of Omega Corp. for $ 20 per share. Omega shares were trading at 21. Which statements below are correct? Select all correct statements. Select 2 correct answer(s) | The time value of the call option is $2,400. | The time value of the call option is $1,400. The time value of the call option is $1,000. | The intrinsic value of the call option is $1,400. | The intrinsic value of the call option is $1,000
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