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Today Is September 1. A futures contract on crude ol expiring on December 20 of the same year has a futures price of $44 70.

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Today Is September 1. A futures contract on crude ol expiring on December 20 of the same year has a futures price of $44 70. The wo B: lity on the futu 'S com: IS 23 %, and the continuously compounded risk free rate Is 365 0Bys n a year. What Is the Black model price of = Buropgan co option on this futures contract, expiring on October 17 and with an e Cross price of $467 15 marks]

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