9. Suppose you buy one contract for July 2017 delivery at the closing price ($3.6775). If the contract closes in July at a price of $3.74 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) 10. Suppose you buy a May expiration call option on 100 shares (@$3.80) with the excise price of $140. a.) If the stock price in May is $152, will you exercise your call? (Yes or No) What is the net profitloss on your position? What is the rate of return on your position? b.) What if you had bought an May put option on 100 shares with exercise price $140 at a price of ($2.71) instead? Would you exercise the put at a stock price of $1407 Stock price stays the same ($152) What is the net profitloss on your position? What is the rate of return on your position? I MacBook Air