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The settle or closing price for December 2022 Corn futures contract on 8/19 was: 623.2 cents per bushel ($6.232/bu) a) Fill out the following

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The settle or closing price for December 2022 Corn futures contract on 8/19 was: 623.2 cents per bushel ($6.232/bu) a) Fill out the following table for a Corn call using the information provided for the December 2022 Corn call on 8/19. Strike price and premiums are reported in cents per bushel. Strike Price Premium 610 43.6 620 38.7 630 35.1 640 30.6 Intrinsic Value Time Value In, At, or Out b) How many options contracts would you need to purchase to cover 10,000 bushels? c) Pick the strike price in the 2nd row of the table. If you purchased enough of those corn calls (as determined in part b) to cover 10,000 bushels, what would the total premium cost be? (show the work for your calculation)

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