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Verizon is trading at $49.65. Put options with a strike price of $54.90 are priced at $5.03. What is the intrinsic value of the option,

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Verizon is trading at $49.65. Put options with a strike price of $54.90 are priced at $5.03. 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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