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If the Current Closing Price of the Stock of XYZ

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If the current closing price of the stock of XYZ, Inc. is $87.50 and the July expiration call options with a strike price of $80 are selling for $9.45, what is the intrinsic value of the option? What is the time value of the option?


Definitions:

Positron Emission Tomography (PET)

A medical imaging technique that uses radioactive substances to visualize and measure changes in metabolic processes, and other physiological activities in the body.

Electrical Stimulation of the Brain (ESB)

A neurological procedure that involves applying small electric currents to specific areas of the brain, used for research, therapy, or neurological interventions.

Electroencephalograph (EEG)

An electroencephalograph (EEG) is a device used to record the electrical activity of the brain through electrodes placed on the scalp.

Lateral Hypothalamus

A region in the brain known as the hunger center; it plays a significant role in promoting feeding and drinking behavior.

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