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Suppose you purchase the July 2020 put option on corn futures with a strike price of $3.10. Assume your purchase was at the last price.
Suppose you purchase the July 2020 put option on corn futures with a strike price of $3.10. 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.) c. Suppose the price of corn futures is $3.03 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 $3.14 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.) Strike Range: \begin{tabular}{|c|c|c|c|c|c|c|} \hline ezazkor6115Lr:12:Ei & 2tet? ON / 2tet] oN & e & - & - & e.LZ & - \\ \hline ezezfon6115r:Iz:1 & & 67 & 5.12 & 8.61 & 9.2z & 1.1 \\ \hline ezezkex611DLt:1z:ci & 3TETT ON / 1TWTT ON & 2 & 5.91 & 5,91 & e.6! & c.z- \\ \hline ezezKow6115LT:12:ci & & 669 & a.51 & +.21 & t.Si & v.e- \\ \hline & & mi & L.et & 9.6 & & 5.2 \\ \hline ezezked6115t:L:i & & eve'z & 5.6 & & 5,6 & E. \\ \hline ezezked611)x:1z:i & & ect & & 5.5 & & v. \\ \hline ezezKex6110:12:51 & & est't & 5 & t.P & s.s & 2.0 \\ \hline zezkex61107:12:i & & ISI & & 1.8 & t.t. & 5.0 \\ \hline ezazkex611)T:izici & & tes & e.8 & 2,2 & 9.8 & 1.0 \\ \hline axran & Innmolim & sumon & main & mor & suss & ganno \\ \hline \end{tabular}
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