What is the intrinsic value of each option

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Reference no: EM131316667

The stock of Spears Entertainment currently sells for $28. A call option on this stock has a strike price of $25, and it sells for $5.25.

A put option on this stock has a strike price of $30, and it sells for $3.10. What is the intrinsic value of each option? What is the time value of each option?

Reference no: EM131316667

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