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

$$3\mathrm{.}20.$ Assume your purchase was at the last price. Use Table $23\mathrm{.}2.$

a$.$ How much does your option cost per bushel of corn? $($Round your answer to $5$

decimal places, e$.$g$.,32\mathrm{.}16161.)$

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

c$.$ Suppose the price of corn futures is $$3\mathrm{.}07$ 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{.}26$ per bushel at expiration?

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

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