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Look at the futures listings for com in Egute 211. Suppose you buy one contract for December 2019 delivery at the closing price Required: w

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Look at the futures listings for com in Egute 211. Suppose you buy one contract for December 2019 delivery at the closing price Required: w the contract closes in December at a price of $3 74 per bushel, what will be your profit or loss? (Ench contract calls for delivery of 5,000 bushels (Round your answer to 2 decimal places.) FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Maturity September 19 December 19 May 20 December 20 Last 3:4500 3.5750 3.7925 3.925 4.1875 Change -4.7500 - 35000 -3.2500 212500 200000 High 3.5100 3.6300 3.8400 40025 4.2000 Low 3.4450 3.5650 3.7850 3.9700 4,1825 See www.omegroup.com, September 4, 2019

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