Consider the CEO of a U.S. financial Institution Patriot Ltd who is trying to tailor the needs of a corporate client in Dubai UAE. Calculate the values of the Future Contracts on Brent Oil in NYSE given the following parameters? 1. S=85, X=81, t= 4/12, r=5%, and the variance 2 =0.64, Risk free rate=3%. 2. These contracts are traded in the Chicago Board of Exchange Market at $7.50 dollars. Are these overvalued or undervalued?

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