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The Black Sheep Inc.'s call option has the following characteristics: Exercise price of The Black Sheep Inc.'s call option ($) 75 Annualized risk-free rate 4.5%

The Black Sheep Inc.'s call option has the following characteristics:

Exercise price of The Black Sheep Inc.'s call option ($)75
Annualized risk-free rate4.5%
Time to the expiration of the options (years)0.75
Standard deviation of the annual stock returns for The Black Sheep Inc.'s stock0.45
Per-share price for The Black Sheep Inc.'s stock ($)90

The current value of this call option is $23.1469 dollars, according to the Black-Scholes option pricing formula. What is: 

Time value premium 

For a put option with the same characteristics as above, the time value premium

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