B. In part A, we considered only a single call or put option at a time. In reality, a much larger variety of such futures contracts can exist at any given time.

a. Suppose that a call option gives the owner the right to buy 200 barrels of oil at $50 one year from now. You observe that this futures contract is selling for $3,000 in the market. What is the market’s prediction about the price of oil one year from now? (Assume again an interest rate of 0.05.)