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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. a. What is the value of the option if job growth is 194,000? (Round your answer to the nearest dollar.) Option value b. What is the value of the option if job growth is 216,000? (Round your answer to the nearest dollar.) Option value 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. a. What is the value of the option if job growth is 194,000? (Round your answer to the nearest dollar.) Option value b. What is the value of the option if job growth is 216,000? (Round your answer to the nearest dollar.) Option value

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