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Verizon is trading at $50.00. Put options with a strike price of $55.00 are priced at $5.79. What is the intrinsic value of the option,

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Verizon is trading at $50.00. Put options with a strike price of $55.00 are priced at $5.79. 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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