Question 1 (10 pts)

At expiration of the March wheat options, March futures are at $4.00 per bushel. Based on that underlying futures price, what should the premium be for the following puts and calls.

$3.70 Call: ___________

$3.80 Call: ___________

$3.90 Call: ___________

$4.00 Call: ___________

$4.20 Call: ___________

$4.30 Put: ___________

$4.20 Put: ___________

$4.10 Put: ___________

$4.00 Put: ___________

$3.90 Put: ___________