It is May $1$st and you have decided that you want to Hedge $5,000$

bushels of the corn crop you are producing. You are planning to sell this

$5,000$ bushels in October. Currently, December Corn Futures price is

$$5\mathrm{.}75$ per bushel. You expect that the basis in October will be $32$ cents

under the December futures contract price. You decide that this is an

acceptable price and decide to place your Hedge. You sell one December

futures contract $(5,000$ bushels$)$ at $$5\mathrm{.}75$ per bushel.

What is your expected price?