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Use the following option quote to answer the questions below. a) Suppose you own 100 June $20 call contracts. Aspendale shares are selling for $28

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Use the following option quote to answer the questions below. a) Suppose you own 100 June $20 call contracts. Aspendale shares are selling for $28 on the expiration date. (i) What is the value of one June call option on the expiration date? Answer: \$ (keep 2 decimal places) (ii) What is the profit on one June call option on the expiration date? Answer: $ (keep 2 decimal places) b) Are the July put options currently in the money? Yes / No (choose one answer) c) What is the minimum price the July call option should sell for on 24 Oct 2020 ? Answer: \$ (keep 2 decimal places)

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