What is the intrinsic value of this call option

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Question 1 - An XYZ call option with strike price of $50 is trading for $7.25 when the stock is trading for $56. What is the intrinsic value of this call option? What is the time value of this call option?

Question 2 - An ABC put option with strike price of $25 is trading for $4.85 when the stock is trading for $21. What is the intrinsic value of this put option? What is the time value of this put option?

Reference no: EM133134627

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