Unless I have completely dropped the ball Question 9 in the morning mock is wrong. They discount the option value at 1.03 where they should be discounting at 1.03^(60/365) as they did in question 7. They have effectively discounted a 60 day option at an annual rate.
Can anyone elaborate as to why I might have this wrong? It won’t change your overall answer to the question as they ask for the closest answer but they have still calculated it incorrectly.