Question: Standard Normal Cumulative Distribution Function Table for the value of N(x) used in Black Scholes Pricing Formula Suppose the 360-day futures price on crude oil

Standard Normal Cumulative Distribution Function Table for the value of N(x) used in Black Scholes Pricing Formula

Suppose the 360-day futures price on crude oil is $58.05 per barrel and the volatility is 33.0%. Assume interest rates are 0.5%. What is the price of a $56.50 strike call futures option that expires in 360 days? ((Use 360 days as one-year convention.) $9.13 $6.68 $8.27 $7.34

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