Question: efer to the option premiums in this table when answering the questions in this section: WTI Crude (CME Group): 1,000 bbl, $/bbl Calls Puts Strike

efer to the option premiums in this table when answering the questions in this section:

WTI Crude (CME Group): 1,000 bbl, $/bbl

Calls

Puts

Strike

Dec 20

Mar 21

Oct 21

Dec 20

Mar 21

Oct 21

4300

3.47

5.44

7.23

2.95

4.20

5.83

4500

2.44

4.30

6.44

3.92

5.06

6.73

4700

1.67

3.32

5.07

5.14

6.65

7.67

Futures Prices: Dec 20 = $43.21/bbl, Mar 21 = $43.96/bbl, Oct 21 = $45.05/bbl

Question 1 (1 point)

Refer to the options with a strike price of $47.00 in the table above. What is the intrinsic value of the October 2021 Put option in $/bbl?

Input your answer in dollars and omit any commas or dollar signs. That is, if you believe the answer is $21.12/bbl, simply enter "21.12" as your submission.

Your Answer:

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