Question: Quantitative Problem: A call option on Barry Enterprises stock has a market price of $ 1 0 . The stock sells for $ 3 0

Quantitative Problem:
A call option on Barry Enterprises stock has a market price of $10. The stock sells for $30 a share, and the option has an exercise price of $23.50. What is the option's time value? Round your answer to the nearest cent.

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