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Shares of Sweetums Candy Company, makers of the famous NutriYum Bars, are trading for $30.46. You decide to purchase call options which expire in three

Shares of Sweetums Candy Company, makers of the famous NutriYum Bars, are trading for $30.46. You decide to purchase call options which expire in three months with a strike price of $28.67. The call options are trading for $7.68. What is the time value of the option?

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