Suppose you purchase the July 2020 call option on corn futures with a strike price of $3.35. Assume you purchased the option at the last price of the day. Use Table 23.2.

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., 32.16161.)
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., 32.16.)
c.	Suppose the price of corn is $3.27 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., 32.16.)
d.	What is your net profit or loss if corn futures prices are $3.59 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.)

Jul 2020 UNDERLYING FUTURE CHARTS LAST CHANGE PRIOR SETTLE HIGH LOW VOLUME Type: American Options Expiration: Jul 2020 Strike Range: At The Money UPDATED CALLS 321'2 +0'4 32016 325'4 32014 HI/LOW LIMIT 116,289 345'6 / 295'6 PUTS HI/LOW LIMIT VOLUME HIGH LOW PRIOR SETTLE CHANGE LAST STRIKE PRICE LAST CHANGE PRIOR SETTLE LOW HIGH VOLUME UPDATED 15:53:59 CT 19 May 2020 HI/LOW LIMIT UPDATED 13:21:47 CT 19 May 2020 No Limit / No Limit 1 24'4 24'4 2316 +0'6 24'4 300.0 2'7 -0'1 3'0 2'2 3'0 604 No Limit / No Limit 13:21:47 CT No Limit/No Limit 0 - 19'7 19 May 2020 305.0 3'4 -05 4'1 3'1 3'4 151 No Limit / No Limit 13:21:47 CT 19 May 2028 No Limit No Limit 91 18'0 16'1 1613 +1'3 17'6 310.0 5'1 -0'4 5'5 4'1 5'4 1,150 No Limit / No Limit 13:21:47 CT 19 May 2020 No Limit No Limit 259 15'4 13'5 13'1 +0'4 13'5 315.0 6'7 -0'4 7'3 5'5 712 278 No Limit / No Limit 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 No Limit No Limit 1,228 12'1 10'2 10'3 13:21:47 CT 19 May 2020 No Limit No Limit 639 10'0 8'0 8'1 +0'1 +0'2 10'4 320.0 912 12 13:21:47 CT -8'3 915 7'4 915 2,040 No Limit No Limit 8'3 325.0 916 16 13:21:47 CT 19 May 2020 No Limit No Limit 881 7'7 6'2 6'2 UNCH 6'2 330.0 15'0 13:21:47 CT 19 May 2020 No Limit No Limit 906 6'0 4'7 416 +0'1 4'7 335.0 16'5 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 No Limit No Limit 424 3'4 2'7 256 +0'1 2'7 345.0 No Limit / No Limit No Limit No Limit 696 415 3'6 3'5 40'1 3'6 340.0 21'5 -1'1 2216 19'3 2115 49 No Limit No Limit ' - - 0 No Limit No Limit 19 May 2020 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 13:21:47 CT 19 May 2020 -2'5 12'3 9'6 10'7 344 No Limit No Limit -04 15'4 1214 15'0 699 No Limit/No Limit -2'3 1950 1615 16'5 20 27'0