Question: You get the following price information on options on July corn futures from your broker.

1. (3 pts) You realize that the broker mixed up the premiums and strike prices. Fill in the table with correct premiums for both calls and puts.
2. (4 pts) If July corn futures are trading at 462 cents/bushel, which calls and puts are in-the-money and by how much? (put "v/x" for in-the-money/not-in-the-money options and the amounts after that)
3. (8 pts) (continued from the previous question) What are the intrinsic values (IV) and time values (TV) for the call and put options?

Price: $2.99

Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document