Question: Answer questions 20 using the following information: You hold a long position in a Sept Exxon-Mobil (XOM) $60 Put option. The put option premium is

Answer questions 20 using the following information: You hold a long position in a Sept Exxon-Mobil (XOM) $60 Put option. The put option premium is $4. XOM is trading at $62.50 20.

20.) What is the value of the Sept XOM $60 Strike Price put options intrinsic value component?

20a.) What is the value of the Sept XOM $60 Strike Price put options time value component?

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