Look at the futures listings for corn in Figure 2.11.

a. Suppose you buy one contract for December 2014 delivery at the closing price. If the contract closes in December at a price of $3.56 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal pl

Look at the futures listings for corn in Figure 2.11 a. Suppose you buy one contract for December 2014 delivery at the closing price. If the contract closes in December at a price of $3.56 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.) Lo Bofs Loss b. How many December 2014 maturity contracts are outstanding? Number of outstanding contracts Look at the futures listings for corn in Figure 2.11 a. Suppose you buy one contract for December 2014 delivery at the closing price. If the contract closes in December at a price of $3.56 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.) Lo Bofs Loss b. How many December 2014 maturity contracts are outstanding? Number of outstanding contracts