赫尔期权、期货及其他衍生产品第10版框架知识点及课后习题解析，赫尔《期权、期货及其他衍生产品》（第8版）复习笔记及课后习题详解 (87).docVIP

 EXTRAPROBLEMS NewtogthEdition 1.InJuly,asmall chocolatefactoryreceivesalargeorderforchocolatebarstobe delivered inNovember.The spot price for Cocoa is s2.4oo per metric ton.It will need10metrictons ofCocoa in Septembertofill thisorder.Becauseof limited storage capacity and volatility in the world cocoa prices, the companydecides the best strategy is tobuy 10calloptions for $53 each with strikepriceof s2,400 (equal tothe currentprice)with amaturitydate of September2012.When the options expire in September,howmuchwillthe companypay (including thecost oftheoptions)for cocoaifthespotpriceinSept