Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.65. 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 ples, e.g., 32.16.) c. Suppose the price of corn futures is $3.53 per bushel at expiration of the option contract. 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 2 decimal places, e.g., 32.16.) d. What is your net profit or loss if corn futures prices are $3.89 per bushel at expiration? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a a. Option cost per bushel b. Total cost C. d. Puts Strike Price Prior Satte LOW Last Change LON High Volume Updated $$ 50 No 591 Limit: 00 16 38 02 CT 10 Feb 2017 56 30 54 3850 67 No 675 int CT 10 Feb 2017 3700 86 51 917 : 00 16 38.08 10 Fes 2017 6:38 06 CT NO 3.949 Lite 3750 103 -13 103 107 00 No 1.095 Limit So 127 -15 125 14-1 16 38 24 CT 10 Feo 2017 00 16 3809 NO 3390 175 30 F2 00 305 191 207 186 200 NO 183 Limit 00 16 38 47 CT 10 Feb 2017 NO Limit 3960 243 8 96 16.38 28 10 Feb 2017 75 2030 NO 11 LIM 00 16 38 41 CT 10 Fev 2017 57 323 No 0 km 00 16.39.00 CT 10 Feo 2017