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QUESTION 46 A call option is available on the stock of Rally Corporation. The exercise price is $65. The call option price is $7. Rally

QUESTION 46

A call option is available on the stock of Rally Corporation. The exercise price is $65. The call option price is $7. Rally stock is currently selling for $70 per share. What is the "intrinsic value" of the put option?

a. $0.

b. $3.

c. $5.

d. $10.

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