#8 You have purchased a call option with an exercise price of The stock currently trades at The option premium is $89.38 $90.59 $2.32 1. Calculate your net profit on the option contract if the price of the stock at the exercise date is 2. Calculate your net profit on the option contract if the price of the stock at the exercise date is 3. Why would you want to exercise a contract price even if it is a negative profit if the price of the stock is above the exercise price? $93.80 3 points $89.69 3 points points #9 You purchase a $100,000 bond futures contract at 9a Assume that the bond futures price falls to What is your gain/loss? Purchase Price Current Value 9b Assume that the bond futures price rises to What is your gain/loss? Purchase Price Current Value 96.8 96.4 2 points 1 point 1 point 99.1 2 points 1 point 1 point