FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Maturity Last Change High Low September-19 3.4500 -4.7500 3.5100 3.4450 December-19 3.5750 -3.5000 3.6300 3.5650 May-20 3.7925 -3.2500 3.8400 3.7850 December-20 3.9725 -2.2500 4.0025 3.9700 July-21 4.1875 -2.0000 4.2000 4.1825 Source: www.cmegroup.com, September 4, 2019. Look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for May 2020 delivery at the closing price. Required: If the contract closes in May at a price of $3.83 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.)