8. Which security should sell at a greater price? A put option on a stock selling at $62 or a put option on another stock selling at $52. (All other relevant features of the stocks and options are assumed to be identical.) 9. Suppose you buy one contract for July 2017 delivery at the closing price ($3.6775). If the contract closes in July at a price of $3.74 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) 10. Suppose you buy a May expiration call option on 100 shares (@$3.80) with the excise price of $140. a.) If the stock price in May is $152, will you exercise your call? (Yes or No) What is the net profit/loss on your position