Question 32 (6 points) Call options on a certain stock are currently valued at $2 per option. Brett purchased 11 contracts. (1) What is the dollar value of Brett's trade? (3 points) (2) Using the commission table below, how much in commission would Brett owe his broker? [3 points) NOTE: Be sure to clearly indicate your answer to each question. Sample Commission Schedule Dollar Amount of Trade Commission $10,000 $120 +0.25% of dollar amount *Maximum commission is $30 per contract for the first five contracts plus $20 per contract for each additional contract. Minimum commission is $30 per contract for the first contract plus $2 per contract for each additional contract Question 32 (6 points) Call options on a certain stock are currently valued at $2 per option. Brett purchased 11 contracts. (1) What is the dollar value of Brett's trade? (3 points) (2) Using the commission table below, how much in commission would Brett owe his broker? [3 points) NOTE: Be sure to clearly indicate your answer to each question. Sample Commission Schedule Dollar Amount of Trade Commission $10,000 $120 +0.25% of dollar amount *Maximum commission is $30 per contract for the first five contracts plus $20 per contract for each additional contract. Minimum commission is $30 per contract for the first contract plus $2 per contract for each additional contract