1. Box 1, what is the intrinsic value of the call option at the $7.20 strike price given the current futures price?

A) $0.00

B) $0.30

C) $0.60

D) $1.20

2. Box 2, what is the intrinsic value of the call option at the $6.90 strike price given the current futures price?

A) $0.00

B) $0.30

C) $0.60

D) $1.20

3. Box 3, what is the intrinsic value of the call option at the $6.60 strike price given the current futures price?

A) $0.00

B) $0.30

C) $0.60

D) $1.20

4. Box 4, what is the intrinsic value of the call option at the $6.30 strike price given the current futures price?

A) $0.00

B) $0.30

C) $0.60

D) $1.20

5. Box 5, what is the intrinsic value of the call option at the $6.00 strike price given the current futures price?

A) $0.00

B) $0.30

C) $0.60

D) $1.20

Use the following information to calculate the boxes in the CALL option table below. Date: March Contract: July Soybean CALL Option Futures Price: $6.60 Intrinsic Value Box 1 Strike Price $7.20 $6.90 $6.60 $6.30 $6.00 Box 2 Box 3 Box 4 Box 5