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Refer to Figure 24.11 to answer this question. Suppose you purchase a September 2015 call option on crude oil futures with aFIGURE 24.11 Future options prices: Wednesday, July 22, 2015 Oat Options (Expiring July 2015): CALLS PUTS Alor High - Low - S

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Answer #1

1.
0.014

2.
=0.014*1000
=14

3.
Profit of 3986.00
=(MAX(5500-5100,0)/100-0.014)*1000
=3986.00

4.
Loss of 14.00
=(MAX(4750-5100,0)/100-0.014)*1000
=-14.00

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