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You have bought a call option on Marathon common stock. The option has an exercise price of $153 and Apple's stock currently trades at $155.

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You have bought a call option on Marathon common stock. The option has an exercise price of $153 and Apple's stock currently trades at \$155. The option premium is \$4 per contract a. How much of the option premium is due to intrinsic value versus time value? b. What is your net profit on the option if Marathon's stock price increases to $165 at expiration of the option and you exercise the option? c. What is your net profit if Marathon's stock price decreases to $145 ? Complete this question by entering your answers in the tabs below. How much of the option premium is due to intrinsic value versus time value

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