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Options have intrinsic and market values: 1) market value is generally less than intrinsic value 2) intrinsic value is excess of the current price over

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Options have intrinsic and market values: 1) market value is generally less than intrinsic value 2) intrinsic value is excess of the current price over the strike price for a call 3) intrinsic value is excess of the current price over the strike price for a put 4) market values and intrinsic values are the same

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