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Construct a futures market in such a way that the number of rainy days for a given month in Des Moines, Iowa, is (hopefully) accurately

  1. Construct a futures market in such a way that the number of rainy days for a given month in Des Moines, Iowa, is (hopefully) accurately predictable.

  1. Suppose that for a group of European options, the strike price is $100, the asset is currently trading at $112, and the interest rate is 15%. What is the lower bound for:?

a. The call option?

b. The put option?

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