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1. Use the table of stock values for the beginning of 12 consecutive months below: Month Price Month Price Feb-07 51 Aug-0753 075 Sep-07 51

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1. Use the table of stock values for the beginning of 12 consecutive months below: Month Price Month Price Feb-07 51 Aug-0753 075 Sep-07 51 Apr-0752 Oct-0749 May-0750 Nov-0746 Jun-07 53 Dec-07 42 Jul-07 50Jan-08 40 Determine the value at expiration of a 12-month Asian arithmetic average strike put option issued on January 1, 2007 that uses monthly averaging. 1. Use the table of stock values for the beginning of 12 consecutive months below: Month Price Month Price Feb-07 51 Aug-0753 075 Sep-07 51 Apr-0752 Oct-0749 May-0750 Nov-0746 Jun-07 53 Dec-07 42 Jul-07 50Jan-08 40 Determine the value at expiration of a 12-month Asian arithmetic average strike put option issued on January 1, 2007 that uses monthly averaging

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