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Suppose you purchase the July 2 0 2 0 put option on corn futures with a strike price of $ 3 . 2 0 .

Suppose you purchase the July 2020 put option on corn futures with a strike price of $3.20. Assume your purchase was at the last price. Use Table 23.2 a. How much does your option cost per bushel of corn ?(Round your answer to 5 decimal places, e.g.,32.16161.) b. What is the total cost for one contract? Assume each contract is for 5,000 bushels. Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.. Suppose the price of corn futures is $3.05 per bushel at expiration of the option contract. What is your net profit or loss fro
m this position? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g.,32.16.) d. What is your net profit or loss if corn futures prices are $3.29 per bushel at expiration? (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.g.,32.16.)
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