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Suppose that JFK temperature for every even day in November was 54 degrees high and 24 degrees low, while for every odd day was 58
Suppose that JFK temperature for every even day in November was 54 degrees high and 24 degrees low, while for every odd day was 58 degrees high and 28 degrees low. What is the payoff from a weather derivatives call option with the following payoff structure: COUNTIF(TMIN 25,0), Strike 8 and a payment rate $10,000 per each day? O B $70,000 C $80,000 O D $150,000
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