Illustrate what is the intrinsic value of this call

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Q. Suppose that a call option contract on July WTI futures is selling for $4.95 (premium) a barrel. If the current price of July WTI futures is $87 and the strike price is $86, illustrate what is the intrinsic value of this call? Illustrate what is the time value?

Reference no: EM13122161

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