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What is the time value of VWX Aug 40 put trading for a premium of $8, if VWX trades for $37.50? a. 0 b. 2.50

What is the time value of VWX Aug 40 put trading for a premium of $8, if VWX trades for $37.50? a. 0 b. 2.50 c. 5.50 d. 8.00 e. None of the above

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