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The market price of a stock is $35.00. An investor has purchased a call option for 100 shares of stock. The exercise price is $20.00

The market price of a stock is $35.00. An investor has purchased a call option for 100 shares of stock. The exercise price is $20.00 Calculate the intrinsic value on this contract Select one: 0 a. The intrinsic value cannot be determined without the time value. 0000 b. $2.000 c. $3.500 d.s0 $1.500

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