Answer Happy

Use the following option quote to answer the questions
below.
24 Oct 2020
Aspendale Ltd
Last share sale price $25.00
CALLS - LAST
PUTS - LAST
Strike price
Jun 2021
July 2021
Aug 2021
Jun 2021
July 2021
Aug 2021
$20.00
$5.45
$5.50
$5.60
$2.30
$2.90
$3.42
a) Suppose you own 100 July $20
call contracts. Aspendale shares are selling for $27 on the
expiration date.
(i)
What is the value of one July call option on the
expiration date?
Answer: $Answer (keep 2 decimal places)
(ii)
What is the profit on one July call option at the
expiration date?
Answer: $Answer (keep 2 decimal places)
b) Are the June put options
currently in the money? Yes /
No (choose one answer)
Answer: AnswerYESNO
c) What is the minimum price
the August call option should sell for on 24 Oct 2020?