7- Assume that you pay a premium of 30 cents a bushel for a Nov soybean put option with a $12.50 strike price, and the basis is expected to be 25 cents under Nov futures when you sell you crop in October. What will be net selling price be if the Nov soybean futures price in October is $12.20 per bushel? a. $12.20 c. $11.95 b. $12.00 d. $11.85 8. (Continued from Q7) If in October the futures price is $12.70, what is the net selling price? a. $12.15 c. $12.70 b. $12.55 d. $12.85