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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 5 .
Suppose you purchase the July put option on corn futures with a strike price of $ Assume your purchase was at the last price of the day. Use Table
a How much does your option cost per bushel of corn? Round your answer to decimal places, eg
b What is the total cost for one contract? Do not round intermediate calculations and round your answer to decimal places, eg
c Suppose the price of corn futures is $ per bushel at expiration of the option contract. Each contract is for bushels. What is your net profit or loss from this position? Enter your answer as a positive value. Do not round intermediate calculations and round your answer to decimal places, eg
d What is your net profit or loss if corn futures prices are $ per bushel at expiration? Enter your answer as a positive value. Do not round intermediate calculations and round your answer to decimal places, eg
tableaOption cost,$per bushelbTotal cost,$cLoss,,,dLoss,,,
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