Question: Abercrombie & Fitch is trading at $21.14. Put options with a strike price of $19.85 are priced at $0.87. What is the intrinsic value of

$Abercrombie \& Fitch is trading at $21.14. Put options with a$

Abercrombie \& Fitch is trading at $21.14. Put options with a strike price of $19.85 are priced at $0.87. What is the intrinsic value of the option, and what is the time value? The intrinsic value of the option is $ (Round to the nearest cent.)

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