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P14.3 (similar to) Question Help Vertron in trading at 550.08. Put options with a strike price of $54.95 wre priced at $8.75. What is the

P14.3 (similar to) Question Help Vertron in trading at 550.08. Put options with a strike price of $54.95 wre priced at $8.75. What is the intrinsic value of the option, and what is the time we? The intrinsic value of the options (Round to the nearest cent)

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