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14 0.28 points Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 204,500 jobs.

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14 0.28 points Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 204,500 jobs. The NFP conventional contract pays out $55 for every job created in excess of the exercise price. Required: a. What is the value of the option if job growth is 195,500? (Enter "O" if the option value is zero.) Answer is complete but not entirely correct. Option value $ 495,000 b. What is the value of the option if job growth is 213,000? Answer is complete and correct. Option value $ 467,500 13

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