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Suppose you purchase the June 2014 put option on corn futures with a strike price of $5.20. Assume your purchase was at the last price. Use Table 23.2

How much does your option cost per bushel of corn? (Round your answer to 5 decimal places, e.g., 32.16161.)

Option cost

$ per bushel

What is the total cost for one contract? Assume each contract is for 5,000 bushels. (Do not round intermediate calculations. Round your answer to 2 decimal places, e.g., 32.16.)

Total cost

$

Suppose the price of corn futures is $4.99 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.)

(Click to select)LossProfit

$

What is your net profit or loss if corn futures prices are $5.28 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.)

(Click to select)LossProfit

$

Corn Options Quotes Globex View another product Quotes Settlements Volume Time& Sales Contract Specs Margins Calendar Globex Open Outcry Futures Open Outcny Options Auto Relfresh is ON ON Futures Options Market data is delayed by at least 10 minutes HiLo imit Pnor Undertying Future Charts Last Change Settle High Low Volune Updated ?11-15074 a 5424 14:3852 CT 4724 09 May 2014 Jul2014 5164 522?? 5000 21248 Type American Options Expiration Jun 2014 Strike Range At The Money

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