Assume that a certain stocks current price in the open, Finance Basics

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Assume that a certain stocks current price in the open

Question: Assume that a certain stock's current price in the open market stands at $32.25 per share. The premium on the call option for this stock is currently $5.21. If the call option has a strike price of $30, what is the option's time premium? Show all work.

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Finance Basics: Assume that a certain stocks current price in the open

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Finance Basics: Assume that a certain stocks current price in the open

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