A Ghanaian farmer uses the futures market a lot for sale of his corn harvest.

Assume this farmer expects to harvest $100,000$ bushels of corn next September

and he is concerned about the possibility of price fluctuations between now and

September. The September futures put options with a strike price of $$2\mathrm{.}50$ per

bushel costs $$0\mathrm{.}20$ per bushel. Assuming this farmer hedges using put options,

calculate his revenue for corn spot prices at maturity per bushel of $$2\mathrm{.}00.$