Suppose that, at the beginning of the growing season, you are considering buying a put option to provide price insurance for the soybean crop you just planted. November futures are $12.50, and the put option premium is $0.30/bu. a. What will your projected net selling price be next fall if November futures price is trading for $11.50 and the expected harvest basis (futures price minus cash price) is $0.25? b. What will your projected net selling price be next fall if November futures price is trading for $13.50 and the expected harvest basis is $0.25? Suppose that, at the beginning of the growing season, you are considering buying a put option to provide price insurance for the soybean crop you just planted. November futures are $12.50, and the put option premium is $0.30/bu. a. What will your projected net selling price be next fall if November futures price is trading for $11.50 and the expected harvest basis (futures price minus cash price) is $0.25? b. What will your projected net selling price be next fall if November futures price is trading for $13.50 and the expected harvest basis is $0.25