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

Question

Quizplus · Accepted Answer

The Answer of 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

General Mills Bought September Call Options for Wheat with an Exercise