What is the time value for a call

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Question - Suppose a stock is priced at $50. You are bullish on the stock and are considering buying March calls with an exercise price of $45 and $55, respectively. The 45 call is priced at $8.50 and the 55 call is quoted at $2.75. What is the time value for a $45 call and what is time value for a $55 call?

Reference no: EM132745388

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