Suppose you purchase the July $2020$ call option on corn futures with a strike price of $$3\mathrm{.}00.$ 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 $$2\mathrm{.}96$ 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{.}41$ per bushel at expiration? $($Do not round intermediate calculations and enter your answer as a positive value rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$Table $23\mathrm{.}2$

Sample CME Group Futures Options Price Quotations