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The exercise price on one of Flanagan Company's options is $16, its exercise value is $24, and its time value is $5. What are the

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The exercise price on one of Flanagan Company's options is $16, its exercise value is $24, and its time value is $5. What are the option's market value and the price of the stock? Round your answers to the nearest dollar. Option's market value: $ Price of the stock: $

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