Question: intrinsic value represents the value: 1)the seller could extract from the option if they exercised immediately 2)the buyer could extract from the option if they

intrinsic value represents the value:
1)the seller could extract from the option if they exercised immediately
2)the buyer could extract from the option if they exercised it immediately
3)seller pays for the time premium
4)buyer pays for the time premium
5)below zero

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