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Assume you pay a premium of 18 cents per bushel for a Jan Soybean call with a $12.50 strike price, and the basis is 20

image text in transcribed Assume you pay a premium of 18 cents per bushel for a Jan Soybean call with a $12.50 strike price, and the basis is 20 cents under in December. What is the net price for soybeans if the Jan Soybean futures price in December is the price shown in the left hand column? a. $12.20 per bu. b. $12.80 per bu. c. $13.40 per bu

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