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5 Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 jobs. The NFP conventional

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5 Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 210,500 jobs. The NFP conventional contract pays out $85 for every job created in excess of the exercise price. a. What is the value of the option if job growth is 193,500? (Round your answer to the nearest dollar.) Option value ok ht onces b. What is the value of the option if job growth is 217,000? (Round your answer to the nearest dollar) Option value

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