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Suppose Oriana purchase a put option to sell XYZ common stock at $50 per share in March. The current price of XYZ stock is $53

Suppose Oriana purchase a put option to sell XYZ common stock at $50 per share in March. The current price of XYZ stock is $53 and the time value of the option is $1. What is the intrinsic value of the option?

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