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Suppose that Boeing stock is currently trading at $47.75 and the 40 (i.e. strike price) PUT option is trading at $1.25, what are the intrinsic

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Suppose that Boeing stock is currently trading at $47.75 and the 40 (i.e. strike price) PUT option is trading at $1.25, what are the intrinsic value and the time value for the option? OA. $0, $1.25 0 B. $7.75, $6.50 C. $40.00, $7.75 D. $47.75, $1.25

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