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Verizon is trading at $36.16. Put options with a strike price of $44.95 are priced at $10.07. What is the intrinsic value of the option,

Verizon is trading at $36.16. Put options with a strike price of $44.95 are priced at $10.07. What is the intrinsic value of the option, and what is the time value?

The intrinsic value of the option is $____. (Round to the nearest cent.)

The time value of the option is $____ (Round to the nearest cent.)

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