Suppose you purchase the June 2014 call option on corn futures with a strike price of $5.15 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 $5.07 per bushel at expiration of the option contract. What is your net profit or loss from this position? (Do not round intermediate calculations and 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 $5.27 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

$ HELP ME PLEASE

Corn Options Quotes View another product Globex Quotes semements Volume Time & Sales Contract specs Margins Calendar Globex Open outcry Open Outcry Auto Refresh is Futures Market data is delayed by at least 10 minutes g Futu Charts Change Settle Updated Jul 2014 Type: Amencan Options Expirationc Jun 2014. Strike Range. The Money Strike Prior Volume Low hange Change HInh Volume Updated Limit 09 May 1,093 164 74 Limit 09 May TABLE 23.2 Sample CME Group Futures Option Price Quotations SOURCE: Reprinted by permission of the CME Group www.cmegroup .com), May 9, 2014 All Rights Reserved Worldwide