PORTFOLIO
The common stock of Sophia Enterprises serves as the underlying asset for the following derivative securities: (1) forward contracts, (2) European-style call options, and (3) Europeanstyle put options.
a. Assuming that all Sophia derivatives expire at the same date in the future, complete a table similar to the following for each of the following contract positions:
(1) A long position in a forward with a contract price of $50
(2) A long position in a call option with an exercise price of $50 and a front-end premium expense of $5.20