Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.75. Assume your purchase was at the last price.

a)how much does your option cost per bushel of corn. (the last price is 5'7 ) from the table.

b) what is the total cost for the contract? Assume each contract is for 5,000 bushels

c)suppose the price of corn futures is 3.57 per bushel at expiration of the option contract. What is your net profit or loss?

Please, identify the issues, so that I correct them. The question is an exercise from a finance book.