3. value: 10.00 points Suppose you purchase the June 2014 call option on corn futures with a strike price of $5.00 at the last price of the day. Use Table 23.2 How much does your option cost per bushel of corn? (Do not round intermediate calculations. Round your answer to 5 decimal places, e.g. 32.16161.) Option cost per bushel What is the total cost of your position? Assume each contract is for 5,000 bushels. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g. 32.16.) Total cost Suppose the price of corn is $4.94 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer as a positive value.) Loss What is your net profit or loss if corn futures prices are $5.23 per bushel at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e... 32.16. Enter your answer as a positive value.) Profit Hints References eBook & Resources Hint #1 View another product.. Corn Options Quotes Globex DOS Share Quotes Settlements Volume Time & Sales Contract Specs Margins Calendar Globex Futures Open Outcry Futures Globex Options Open Outcry Options Auto Refresh is ON O Market data is delayed by at least 10 minutes HILO Underlying Future Prior Settle Charts Last Change Low Volume Updated Jul 2014 507'4 a 5164 5220 5050 212,485 54241 4724 14.3852 CT 09 May 2014 Type: American Options Expiration Jun 2014 Strike Range: At The Money CALLS PUTS CALLS PUTS Updated Hillo Limit Volume High Low Prior Settle Change Pnce Last Change HILO Limit Hinh Volume Updated 14:30:00 14:3000 CT NO No 2828 | 495.0 10 402 CT 0 2630 | 232 | 226 | 160 09 May Umt Limit 09 May 2014 2014 14:30:00 14:3000 Cr No 502 320 CT 2012 490.0 191 a 240 17 1.581 No Limit 09 May 2014 09 May 2014 1430:00 CT NO 09 May | Umt 2014 275 154 a 549 No 14:30 00 CT 09 May 2014 Limit 14:30:00 14:30:00 CT No Limit 718 2350 150 203 175 09 May 2014 120 5000 520 +13 37 2 0 576 1,876 Limit 09 May 2014 14.30:00 CT 09 May 2014 1970 | 120 | 167 | 70 | 7 5050 70 | 20 | 53 | 34 | 300 1504 Limit 14.30.00 CT 09 May 2014 14.30:00 CT No Limt 1,093 18474138 -62 74 510.0 100b+267244 105 1,892 No Limit 14:30:00 CT 09 May 2014 09 May 2014 14:30:00 CT 143000 NO NO 14:30:00 09 May 2014 1,093 164 73 -B2 74 510 0 1 4 1066 Umt 1,892 14.000 09 May 2014 Ne Limit 143000 14:30:00 09 May No | 731 133 | 50 | 110 1,345 Limit Limit 09 Mar 2014 2014 143000 NO NO 14 20:00 09 May 2014 1,631 103 1,847 Limt Limit 09 Mar 2014 NO 14:30:00 09 May 2014 326 03D 27a E250 203. 52 | 151 | 120 | 212 | 135 No Limit 143000 09 May 2014 14 No Na 14 30.00 CT 09 May 2014 540 71 17 50 3" 20 530 o 243 | +57 | 184 | 1535 | 253 LC Limit 09 Mar 2014