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P14.3 Verizon is trading at $50. Put options with a strike price of $55 are priced at $5.79. What is the intrinsic value of the

P14.3

Verizon is trading at $50. Put options with a strike price of $55 are priced at $5.79. What is the intrinsic value of the option, and what is the time value?

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