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QUESTION
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...
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 cost of one bushel of wheat for General Mills? A) $2.70 B) $2.80 C) $2.90 D) $3.00
