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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

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 $3.8 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.)

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