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You are given the following information concerning options on a particular stock. Stockprice=$64Exerciseprice=$60Risk-freerate=2%peryear,compoundedContinuouslyMaturity=6monthsStandard=57%peryeardeviation a. What is the intrinsic value of each option? (Leave no cells

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You are given the following information concerning options on a particular stock. Stockprice=$64Exerciseprice=$60Risk-freerate=2%peryear,compoundedContinuouslyMaturity=6monthsStandard=57%peryeardeviation a. What is the intrinsic value of each option? (Leave no cells blank - be certain to enter " 0 " wherever required.) b. What is the time value of each option? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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