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please fill in boxes Important information, the expected basis is the same as the actual basis. Directions: fill out the worksheet and then transfer your

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Important information, the expected basis is the same as the actual basis. Directions: fill out the worksheet and then transfer your answers to the following multiple-choice questions. $3.98 Basis Futures Storage Box 2 Box 3 Brokerage Boxi Hedge: Net Price Box 4 July $4.00 (Strike Price) Month, Buy Put Expected Basis -0.15 Storage Cost -0.12 Put Premium -0.21 Brokerage Cost -0.01 Expected Minimum Price Box 5 Price Up Price Down $2.90 July $4.70 Futures Month Actual Basis Box 6 Box 15 Cash Price Box 7 Box 16 Sell Put 101 Box & Box 17 Buy Put (premium) Box 9 Box 18 Plus Net Returns from Put Option Buy/Sell Box 10 Box 19 Box 11 Less: Storage Costs Box 20 Brokerage Cost BOX 12 Box 21 Equals Net Returns Box 13 Box 22 Equals Net Price Received Box 14 Box 23 Important information, the expected basis is the same as the actual basis. Directions: fill out the worksheet and then transfer your answers to the following multiple-choice questions. $3.98 Basis Futures Storage Box 2 Box 3 Brokerage Boxi Hedge: Net Price Box 4 July $4.00 (Strike Price) Month, Buy Put Expected Basis -0.15 Storage Cost -0.12 Put Premium -0.21 Brokerage Cost -0.01 Expected Minimum Price Box 5 Price Up Price Down $2.90 July $4.70 Futures Month Actual Basis Box 6 Box 15 Cash Price Box 7 Box 16 Sell Put 101 Box & Box 17 Buy Put (premium) Box 9 Box 18 Plus Net Returns from Put Option Buy/Sell Box 10 Box 19 Box 11 Less: Storage Costs Box 20 Brokerage Cost BOX 12 Box 21 Equals Net Returns Box 13 Box 22 Equals Net Price Received Box 14 Box 23

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