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1 Problem 23-05 Futures Options Quotes [LO4) LS skipped Suppose you purchase the July 2020 put option on corn futures with a strike price of

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1 Problem 23-05 Futures Options Quotes [LO4) LS skipped Suppose you purchase the July 2020 put option on corn futures with a strike price of $3.35. 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 $3.11 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Do not round intermediate calculations and enter your answer as a positive volue rounded to 2 decimal places, e.g. 32.16.) d. What is your net profit or loss if corn futures prices are $3.42 per bushel at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.) eBook Hint @ eferences a. Option cost b. Total cost per bushel c. d. TABLE 23.2 Sample CME Group Futures Options Price Quotations 11 w ES FILTER TE : stunt CME Groundnow.omegrong con no. 2000 UNDERING FURS CHARTS LAST CHANE FIRE LOW GA / LOW Jul 2020 LITE 'A CH ME 54 2014 WH Americon Options type Expiration Jul 2020 Strik Range At The Money CALLS M/LOLA LOW CER LART CE un FE MOT PROMETLE VOLA UPDATED More T' 01 WIN 3 * 300.0 13121147 CT 19 May 200 NL / NL 12444344 CEL 1 PE o's ANN 305.0 14 . Litt ACHIE 13:21:47 19 May 200 LE BE 1.9 1 1 11 319,0 Liit 91 T 161 . 13 . C'SLE. 13121147 15 May 200 47 19 May IR 1.0 5.1. 219154 MOLT 14 . 1. 10.0 476 1.230 12 102 Lot 16 13 er 15 May 20 13:21:47 CT 19 May 2000 31 3.2 1991 19 . No Limit LIRE UNI CO 10 1 2. 15 LIN 1321167 C wy 1.6 35.0 0.2 17 45 . Lite 30. 13121147 C 19 May 2008 15 5.7 . 2 3.0 147 1 May 2010 est Hot 13:21:47 9 May 2008 Un.com). May 19, 2020 TALE 2 Sample CME Group Futures Options Price Que HEHE

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