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For the above calls and puts on DowDuPont (DWDP) stock (currently at $57.74 per share), please answer the following questions: 1) If the Open Interest

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For the above calls and puts on DowDuPont (DWDP) stock (currently at $57.74 per share), please answer the following questions: 1) If the "Open Interest (Int)" for the March 70 Call is 3969 contracts, how many shares of stock does this represent? 2) What is the Intrinsic Value of the March 50 call? 3) What is the speculative value of the March 60 put? 4) The last (or settle or closing) price for the March 60 call was $2.94. How much of this premium is speculative (or time) value? profit or loss if the stock price at expiration in March turned out to be 64? (This strategy is called a "straddle"). Remember each contract is for 100 shares! (Show your work on this one for partial credit)

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