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2. Assume you pay a premium of 13 cents per bushel for a JAN soybean call with a $12.40 strike price, and the basis is

2. Assume you pay a premium of 13 cents per bushel for a JAN soybean call with a $12.40 strike price, and the basis is 20 cents over in December. What is the net purchase price for soybeans if the JAN soybean futures price in December is $12.20 per bushel? a. $12.20 c. $12.40 d. $12.53 b. $12.33 3- (Continued from Q2) If in December the futures price is $12.70, what is the net purchase price? a. $12.40 c. $12.60 b. $12.53 d. $12.73

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