We Grow-Em-Heavy feedlot has a number of steers that will be ready for sale in late March or Early April. As the marketing manager, you decide to purchase an April 106 Live Cattle put for $2.15/bu. You also decide to take a short if a trigger price of $112 is reached as you think that is the highest futures will go this spring. Assume the trigger price is reached, and you are able to go short at $112/cwt in April Live Cattle. Come late March you sell your cattle to a buyer for $102 and at that time April Live Cattle are trading at $104/cwt at which time you take the appropriate market actions. Calculate the realized price We-Grow-Em feedlot got for the cattle not including interest and broker fees. (Show all of your work).