A 3-month put has a strike price of 4750 and an option, Finance Basics

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A 3-month put has a strike price of 4750 and an option

Question: A 3-month put has a strike price of $47.50 and an option premium of $1.40. The underlying stock is selling for $46.70 per share. What is the time value of the put? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A 3-month put has a strike price of 4750 and an option

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