Suppose you purchase the July $2020$ call option on corn futures with a strike price of

$$3\mathrm{.}20.$ Assume you purchased the option at the last price of the day. Use Table $23\mathrm{.}2.$

a$.$ How much does your option cost per bushel of corn? $($Do not round intermediate

calculations and round your answer to $5$ decimal places, e$.$g$.,32\mathrm{.}16161.)$

b$.$ What is the total cost of your position? Assume each contract is for $5,000$ bushels. $($Do

not round intermediate calculations and round your answer to $2$ decimal places,

e$.$g$.,32\mathrm{.}16.)$

c$.$ Suppose the price of corn is $$3\mathrm{.}09$ per bushel at expiration of the option contract.

What is your net profit or loss from this position? $($Do not round intermediate

calculations and enter your answer as a positive value rounded to $2$ decimal places,

e$.$g$.,32\mathrm{.}16.)$

d$.$ What is your net profit or loss if corn futures prices are $$3\mathrm{.}39$ per bushel at expiration?

$($Do not round intermediate calculations and enter your answer as a positive value

rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

ONLY NEED PART C