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 Q. How much does your option cost per bushel of corn? (Round your answer to 5 decimal places, e.g., 3210101.) 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., 3216.) c. Suppose the price of corn futures is $3.43 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 Intermedlate 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 $3.79 per bushel at expiration? (Enter your answer as a positive value. Do not round Intermediate calculations and round your answer to 2 decimal places, ... 32.10.) a. Option cost b. Total cost C. Profit S 0.26700 per bushe 1.335.00 1,335.00 1.850.00 S d Loss TABLE 23.2 Sample CME Group Futures Options Price Quotations hor Sette HILON Uning Futuro Charts L21 Change High LOW volume uposto May 2017 S$14 -62 3772 3760 122_009 19701 3570 16:38.37 CT 10 Feb 2017 Type: American Options Expiration: May 2017 Strike Range: At The Money Puts LOW LOW Lint Updated Strike Price Prior Bottle Change Prior Battle Volume High LON Last Change Low High Volume Lipdated CT 10 Fe -- M00 80 52 No 591 ME 09 CT 1070 00 30.54 25 S 3480 3 16 TO 18 le 10 16 10 100 2011 16300 HL 3 1033 50 150 3000 5 Put Por VO MO LOR Ch LINE uporta Las LON Cenge updated Lim NO 237 -- 51 287 04 16385 10 2017 50 231 274 52 NO 501 Lmt! go CT 10 F 2017 00 NO Um 2 233 105 . 57 73 03 70 GT 10 Feb 2017 NO 876 Liit 00 16.30:54 10 Feb 2017 NO 1638 CT 10 F 702 203 191 163 197 3700 56 2 94 97 Ne 917 Lt 00 10 F 2017 00 NO 6360 CT FO 2017 357 1741 163 01 - 3750 103 12 103 MOT NO 39 Lim! 00 163808 CT 10 2017 00 NO NO CT 123 117 . 5000 127 101 095 163024 CT 10 Pes 2011 18 DO 30 CA NO LE 4 125 97 SOS 115 CT 10 3011 00 2017 NA 13 C 10 2017 31 03 3000 S 207 CT OF 00 00 3 10 le Os 2011 4000 30 10 2011 1200