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Use the information in the following table to determine the intrinsic value of the August 170 call option. The option prices were observed for a
Use the information in the following table to determine the intrinsic value of the August 170 call option. The option prices were observed for a stock on July 6 of a particular year. Ignore dividends on the stock. The stock is priced at $165.13. The expirations are August 21 and October 16. The risk free rates are 5.50% for August and 5.88% for October. Calls Puts Strike Aug
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