General Mills Bought September Call Options for Wheat with an Exercise

question 48

Multiple Choice

General Mills bought September call options for wheat with an exercise price of $2.80 at a price of $0.10 per bushel.If the price of wheat at the expiration is $2.90,what is the net cost of one bushel of wheat for General Mills?

• A) $2.70
• B) $2.80
• C) $2.90
• D) $3.00

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