What is the intrinsic value of the option

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Apple stock is selling for $121.32 per share. Call options with an $117.25 exercise price are priced at $13.15. What is the intrinsic value of the option, and what is the time value? The intrinsic value ofthe option is $. (Round to the nearest cent.) The time value of the option is $. (Round to the nearest cent.)

Reference no: EM133122639

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