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Assume that a stock is selling for $35 with options available at 20, 30, and 40 strike prices. The 30 call option is at 5 1/2. Calculate the following

Assume that a stock is selling for $35 with options available at 20, 30, and 40 strike prices. The 30 call option is at 5 1/2. Calculate the following.

(I) The intrinsic value of the $30 call 

(II) Is the call in-the-money?

 
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