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Suppose that you purchased a conventional call option on growth in Non Farm Payrolis (NFP) With an exercise price of 204500 jobs. The NFP conventional

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Suppose that you purchased a conventional call option on growth in Non Farm Payrolis (NFP) With an exercise price of 204500 jobs. The NFP conventional contract pays out $55 for every lob created in excess of the exercise price. Required: a. What is the value of the option if job growth is 195,500 ? (Enter " 0 " if the option value is rero.) b. What is the value of the option if job growth is 213,000

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