Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.90. Assume your purchase was at the last price. Use Table 23.2

Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.90. Assume your purchase was at the last price. Use Table 23.2 a. How much does your option cost per bushel of corn? (Round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost for one contract? 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.) c. Suppose the price of corn futures is $3.59 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is your net profit or loss if corn futures prices are $4.13 per bushel at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) per bushel a. Option cost b. Total cost c. Profit d. Loss Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.90. Assume your purchase was at the last price. Use Table 23.2 a. How much does your option cost per bushel of corn? (Round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost for one contract? 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.) c. Suppose the price of corn futures is $3.59 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. What is your net profit or loss if corn futures prices are $4.13 per bushel at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) per bushel a. Option cost b. Total cost c. Profit d. Loss