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i need question 14 Question 12 4 pts This and the following three questions are related: Suppose that you are a major airline that has

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Question 12 4 pts This and the following three questions are related: Suppose that you are a major airline that has budgeted a price of fuel of 1.3840 USD/gal for fiscal year 2021 and you plan to end up buying 1 million gallons of it. To hedge against possible increases in the price you buy a one-year call option with a strike price of 1.4539 USD/gal for 1 million gallons with a premium of 1 cent/gal. How much would you the total premium of the option be? 10,000 USD 10,000 USD/gal 1,000,000 USD 1,000,000 USD/gal It doesn't matter since at the time of maturity the premium has already been paid Question 13 4 pts This question is related to the previous question: Only for your short position, what would your profits look like if the gasoline price is 1.49806 USD/gal at the time to maturity? 0 -114,665.1 USD -114,665.1 USD/gal +114,665.1 USD +114,665.1 USD/gal Question 14 4 pts This question is related to the previous questions: Only for the long call position:what would your profits look like if the gasoline price is 1.49806 USD/gal at the time to maturity? +34,155.10 USD +34,155.10 USD/gal -34,155.10 USD -34,155.10 USD/gal 10,000 USD

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