Look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for September 2019 delivery at the closing price. Required: If the contract closes in September at a price of $3.68 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.) Profit Loss

FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Source: www.cmegroup.com, September 4, 2019. Look at the futures listings for corn in Suppose you buy one contract for September 2019 delivery at the closing price. Required: If the contract closes in September at a price of $3.68 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.) FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Source: www.cmegroup.com, September 4, 2019. Look at the futures listings for corn in Suppose you buy one contract for September 2019 delivery at the closing price. Required: If the contract closes in September at a price of $3.68 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.)