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The premium on a June call option on McDonald's stock with a strike price of $118 is $2.00. The current stock price is $118.70. The

The premium on a June call option on McDonald's stock with a strike price of $118 is $2.00. The current stock price is $118.70. The intrinsic value (IV) of this call option is and its time value is $0.70; $2.00 $0.70; $1.30 None of the above. $1.30; $0.70

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