Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.60. 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 $3.42 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 $3.83 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.) ces per bushel a. Option cost b. Total cost c. Profit d. Loss Puts Low Limit Prior satte LOW High Updated Prior Settle Change LOW Updated Unit Price Volume High Change Los CY 2017 * * 10F 2007 10 S 10 NO No 35 CT 135 *** *** NO " / 97 7 : 33as 10 ** NO 3. Um CT * 25 12 1 107 16 10 NO CE 4 23 - 145 2 rat ** 16 00 Ware ** NO 7 - ** Ne * C 105 19 CT 10mm *** | ra - CT CT : Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.60. 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 $3.42 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 $3.83 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.) ces per bushel a. Option cost b. Total cost c. Profit d. Loss Puts Low Limit Prior satte LOW High Updated Prior Settle Change LOW Updated Unit Price Volume High Change Los CY 2017 * * 10F 2007 10 S 10 NO No 35 CT 135 *** *** NO " / 97 7 : 33as 10 ** NO 3. Um CT * 25 12 1 107 16 10 NO CE 4 23 - 145 2 rat ** 16 00 Ware ** NO 7 - ** Ne * C 105 19 CT 10mm *** | ra - CT CT
