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 $3.97 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.)Get Finance homework help today
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