Suppose you purchase the July call option on corn futures with a strike price of $ Assume you purchased the option at the last price of the day. Use Table ;
a How much does your option cost per bushel of corn? Do not round intermediate calculations and round your answer to decimal places, eg
b What is the total cost of your position? Assume each contract is for bushels. Do not round intermediate calculations and round your answer to decimal places, eg
c Suppose the price of corn is $ per bushel at expiration of the option contract. What is your net profit or loss from this position? Do not round intermediate calculations and enter your answer as a positive value rounded to decimal places, eg
d What is your net profit or loss if corn futures prices are $ per bushel at expiration? Do not round intermediate calculations and enter your answer as a positive value rounded to decimal places, eg
Answer is complete but not entirely correct.
tableaOption cost,$tableperbushelbTotal cost,$cLoss,$dProfit,$
