QUESTION 7 In April, a central Illinois farmer sees that the December com futures contract is trading at S6.00/bushel. He decides to buy a December $5.50 put for 26 cents and sell a December $7.00 call for 14 cents. He expects to deliver and sell his com in the fall on the same day that the options expire (so there's no time value on the options at Time 2). And, he expects basis at that time to be 15 under. What net price will the farmer receive if futures price at Time 2 is $2.00/bu lower than at Time 1 and he is correct about his basis expectation? O A s5.50/bu B $3.85/bu C$5.09/bu D. $5.23/bu