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38. A call option has a premium of $150, the strike price for the option is $400 and the futures price today is $500. Assume

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38. A call option has a premium of $150, the strike price for the option is $400 and the futures price today is $500. Assume the risk free rate is 0. The option has intrinsic value of: a. $50 b. $0 c. $100 d. $-100

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