Expiration: Strike Range: Suppose you purchase the July 2020 call option on corn futures with a strike price of $3.15. Assume you purchased the option at the last price of the day. Use:Table 23.2 a. How much does your option cost per bushel of corn? (Do not round intermediate calculations and round your answer to 5 decimal places, e.g., 32.16161.) b. What is the total cost of your position? Assume each contract is for 5.000 bushels. (Do not round intermediate calculations and round your answer to 2 decimal places. e.g., 32.16.) c. Suppose the price of corn is $3.07 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.) d. What is your net profit or loss if corn futures prices are $3.45 per bushel at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g., 32.16.) \begin{tabular}{|c|c|c|c|c|c|} \hline 329:6 & 325:4 & 3204 & 116,2e9 & 345.6/2956 & 15:58:59ct19Kayzeze \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|} \hline & & \multicolumn{8}{|c|}{ Nis } \\ \hline ust & stankneder & ust & chance & & Low & nest & vouse & werlow uant & \\ \hline & 300.0 & 27 & 0;1 & & 22 & 3 & 694 & No tant / No tait & 13:21:47CT19Kay2828 \\ \hline - & 305.0 & 3/4 & -0.5 & 41 & & 34 & 151 & No Lint / Wo Lint & 13:21:47CT19Noy2020 \\ \hline 17:6 & 310.0 & 51 & -0.4 & 5/5 & 41 & 5:4 & 1,159 & No Linit I No Linit. & 13:21:47CT19Kay2858 \\ \hline 135 & 315.0 & 67 & 0%4 & 7:3 & 55 & 72 & 279 & No linit / No linst & 13:21:47CT19Kay2eze \\ \hline 104 & 320.0 & 92 & 63 & 95 & 74 & 9:5 & 2,949 & No tinit / Na tiant & 13:21:47Cr19Moy2620 \\ \hline 83 & 325.0 & 96 & 25 & 123 & 9:6 & 107 & 34 & No trent & 13:21:47Cr19Koy2ces \\ \hline 6:2 & 390.0 & 15 & 024 & 154 & 124 & 15 & 699 & No Lient / Mo Linit & 13:21:47Cr19Kay2020 \\ \hline 47 & 335.0 & 16:5 & 23 & 19'e & 165 & 165 & 20 & No Lieit 1 No Lint & 13:21:47Ct19May2sec \\ \hline & 340.0 & 215 & -111 & 226 & 193 & 215 & 49 & No Linst / No Linst & 13:21:47Cr19Noy2020 \\ \hline 27 & & - & - & 278 & - & - & & No Linit / Wo Limit & 13:21:47Cr19Kar2029 \\ \hline \end{tabular}