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Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 209.000 jobs. The NFP conventional contract

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Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 209.000 jobs. The NFP conventional contract pays out $100 for every job created in excess of the exercise price. Required: a. What is the value of the option if job growth is 194,000 ? (Enter " 0 " if the option value is zero.) b. What is the value of the option if job growth is 216,000 ? Suppose that you purchased a conventional call option on growth in Non-Farm Payrolls (NFP) with an exercise price of 209.000 jobs. The NFP conventional contract pays out $100 for every job created in excess of the exercise price. Required: a. What is the value of the option if job growth is 194,000 ? (Enter " 0 " if the option value is zero.) b. What is the value of the option if job growth is 216,000

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