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The strike price of a futures option is 5 5 0 cents, the risk - free rate of interest is 3 % , the volatility

The strike price of a futures option is 550 cents, the risk-free rate of interest is 3%, the volatility of the futures price is 20%, and the time to maturity of the option is 9 months. The futures price is 500 cents.
(a) What is the price of the option if it is a European call?
(b) What is the price of the option if it is a European put?
(c) Verify that putcall parity holds.
(d) What is the futures price for a futures style option if it is a call?
(e) What is the futures price for a futures style option if it is a put?

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