Suppose you purchase the June 2014 call option on corn futures with a strike price of $4.90 at the last price of the day. Use Table 23.2

How much does your option cost per bushel of corn? (Do not round intermediate calculations. Round your answer to 5 decimal places, e.g., 32.16161.)

Option cost

$ per bushel

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.)

Total cost

$

Suppose the price of corn is $4.82 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answer as a positive value.)

(Click to select)LossProfit

$

What is your net profit or loss if corn futures prices are $5.16 per bushel at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Enter your answeras a positive value.)

(Click to select)LossProfit

$

CALLS PUTS Prior Strke Prior Updated LimitVolume High Low Setre Change Las Pnce Last Change Settle LoW High Volume Limit Updated 14:30:00 143000 14b 02 12 6a 16D 0 363 232 26 '4 242 405.0 Limit 09 May 2014 1430 00 09 May Umt 2014 14:3000 502 320 1918 283 82 2018 490 0 10 26 1.581 Limit 09Ma 2014 1430:00 09 May Umt 14 3000 0 275b 154a 242 90 162 4950 35b 07218a 41 549 Limit 09 May 2014 2014 14:30:00 143000 205701,878 719 235 130 203 75 126 a 5000 52b | +1.3 | 37 09May Limt mit09 Ma 2014 2014 14 30 00 14 3000 204 1076 2a | 1.504| 167 -7'0 505 0 Limit 09 Mar 09 May mt 2014 2014 1430:00 14:2000 74 138'274a 100b 72 5100 44 10%b1 May Lme 1,093 18 Limit 09 May 2014 14:30:00 09 MayLimt 14:3000 110 454 131 bl 731 133 5150 ,3% 9:3 140 1.34 Limit 09 May 2014 1430.00 09May Umt 2014 14.3000 Limit 09Mar 1.631| 105 | 37 -4,6 20 0 104b44 120 1.947 2014 2014 1430:00 143000 525.0 203 DI 46.2 | 157 120 al 2120 135 Limit 09 May 2014 1430 00 14 3000 64071 17 50 3020 530 0 243b5714153253b 2 09May Umt 2014 Limit 09Mar CALLS PUTS Prior Strke Prior Updated LimitVolume High Low Setre Change Las Pnce Last Change Settle LoW High Volume Limit Updated 14:30:00 143000 14b 02 12 6a 16D 0 363 232 26 '4 242 405.0 Limit 09 May 2014 1430 00 09 May Umt 2014 14:3000 502 320 1918 283 82 2018 490 0 10 26 1.581 Limit 09Ma 2014 1430:00 09 May Umt 14 3000 0 275b 154a 242 90 162 4950 35b 07218a 41 549 Limit 09 May 2014 2014 14:30:00 143000 205701,878 719 235 130 203 75 126 a 5000 52b | +1.3 | 37 09May Limt mit09 Ma 2014 2014 14 30 00 14 3000 204 1076 2a | 1.504| 167 -7'0 505 0 Limit 09 Mar 09 May mt 2014 2014 1430:00 14:2000 74 138'274a 100b 72 5100 44 10%b1 May Lme 1,093 18 Limit 09 May 2014 14:30:00 09 MayLimt 14:3000 110 454 131 bl 731 133 5150 ,3% 9:3 140 1.34 Limit 09 May 2014 1430.00 09May Umt 2014 14.3000 Limit 09Mar 1.631| 105 | 37 -4,6 20 0 104b44 120 1.947 2014 2014 1430:00 143000 525.0 203 DI 46.2 | 157 120 al 2120 135 Limit 09 May 2014 1430 00 14 3000 64071 17 50 3020 530 0 243b5714153253b 2 09May Umt 2014 Limit 09Mar