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The following are call option premiums and futures settlement prices for ICE cotton. These pric were quoted on December 16th, 200X. These prices are used in problems 25 through 29. Strike Price (cents/lb)_ Mar-OX May-OX 48.00 49.00 50.00 51.00 52.00 53.00 Futures close 2.56 1.98 1.48 1.09 .78 .55 49.60 none of the above. 6.14 5.33 4.59 3.92 3.31 2.74 QUESTION - For the March-OX options contracts, the option with strike price of 50.00 is_ O out of the money. O in the money. O closest to being at the money, but has no intrinsic value. O closest to being at the money and indeed has intrinsic value. 53.69

The following are call option premiums and futures settlement prices for ICE cotton. These pric were quoted on December 16th, 200X. These prices are used in problems 25 through 29. Strike Price (cents/lb)_ Mar-OX May-OX 48.00 49.00 50.00 51.00 52.00 53.00 Futures close 2.56 1.98 1.48 1.09 .78 .55 49.60 none of the above. 6.14 5.33 4.59 3.92 3.31 2.74 QUESTION - For the March-OX options contracts, the option with strike price of 50.00 is_ O out of the money. O in the money. O closest to being at the money, but has no intrinsic value. O closest to being at the money and indeed has intrinsic value. 53.69

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following are call option premiums and futures settlement prices for ICE cotton. These prices were quoted on December 16th, 200X. These prices are used in problems 25 through 29. Strike Price (cents/lb)_ Mar-OX May-OX 48.00 49.00 50.00 51.00 52.00 53.00 Futures close 2.56 1.98 1.48 1.09 .78 .55 49.60 6.14 5.33 4.59 3.92 3.31 2.74 53.69 QUESTION - For the March-OX options contracts, the option with strike price of 50.00 is. O out of the money. in the money. closest to being at the money, but has no intrinsic value. closest to being at the money and indeed has intrinsic value. none of the above.
Transcribed Image Text:The following are call option premiums and futures settlement prices for ICE cotton. These prices were quoted on December 16th, 200X. These prices are used in problems 25 through 29. Strike Price (cents/lb)_ Mar-OX May-OX 48.00 49.00 50.00 51.00 52.00 53.00 Futures close 2.56 1.98 1.48 1.09 .78 .55 49.60 6.14 5.33 4.59 3.92 3.31 2.74 53.69 QUESTION - For the March-OX options contracts, the option with strike price of 50.00 is. O out of the money. in the money. closest to being at the money, but has no intrinsic value. closest to being at the money and indeed has intrinsic value. none of the above.
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