Suppose you purchase the May 2017 put option on corn futures with a strike price of $3.90. 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 $3.57 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 $4.15 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. Option cost 0 19125 per bushel 956.25 b Total cost C Profit d LOSS ON 117 103 103 107 171 3.949 Lime 00 161 ON 117 150 OCBC - 165 126 101 1.095 Limit 0.0 ON 125 3850 175 0 Limit 2 NO DI 105 3900 207 186 TE C 10 0.0 55 16 395.0