time period, you will get zero points. Question 1 10 In May, December futures were trading at $5.50/bushel and Josh bought a Dec $5.50 put for 45 cents for downside protection. By the time he harvested his corn, prices had fallen to $4.50/bushel and the basis when he delivered his corn was 10 under. What did he net for his corn? 1 $4.40 2) $5.05 3) $4.95 4) $4.45 Question 2 A farmer who says he's going to use an option strategy to buy downside protection" is planning to