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You had a long position on a call option on the growth in Financial CompaniesPayroll System(FCPS) with a strikeprice of 209,000 jobs. The FCPS call
You had a long position on a call option on the growth in Financial CompaniesPayroll System(FCPS) with a strikeprice of 209,000 jobs. The FCPS call contract pays$100 for every job created beyond the strike price.
a.What is the value of the option if job growth is 194,000?(Round your answer to the nearest dollar.)
Option value$
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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