Dec corn futures closed today at $5.76 and you buy three (3) $5.80 put options for $0.47. Because of your proximity to several large Ethanol plants, your basis has historically been $0.00, your local price is even with the board. a. Will the corn market have to increase or decrease for you to profit from your option? b. What is the minimum price you will net tor the bushels covered by the puts? c. Dec corn closed at $6.75 on the day your options expired. What was the value of the options at expiration? d. You sold your corn to one of the ethanol plants on December 23rd for $6.35. What is the net price you received for the bushels covered by the puts