I Question 4 0 out of 1I points Six months from now, Farmer Julie will harvest 20,000 bushels of corn. In doing so, she incurs costs of $100,000. The current spot price of corn is $5.50 per bushel, and the effective six-month interest rate is 2 percent. Julie has decided to hedge by purchasing put options on 20,000 bushels of corn with a strike price of $5.50 per bushel. The puts have a premium of $0.54 per bushel. What total profit would she earn if the market price of corn at harvest time is $4.90, $5.30, S5.70, and S6.10, respectively? Selected Answer: &d $8,448; $8,448; $16,448; $16,448 a. S-2,000; $6,000; $14,000; $22,000 Answers: $9,016; $17,016; $21,016; $21,016 ?. $12,200; $12,200; $12,200; $12,200 d. S-1,016; S-1,016; $2,984; $10,984