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Look at the futures listings for the corn contract in Table 2.7. Suppose you buy one contract for July 2019 delivery. If the contract closes

Look at the futures listings for the corn contract in Table 2.7. image text in transcribed Suppose you buy one contract for July 2019 delivery. If the contract closes in July at a level of 4.34, what will your profit be? (Round your answer to 2 decimal places.)

Maturity Last Change High Low Table 2.7 Corn futures prices on the Chicago Mercantile Exchange, January 3, 2019 3.7975 3.8025 3.8800 3.8750 3.9500 Mar-19 May-19 Jul-19 Sep-19 Dec-19 Mar-20 0.7500 0.5000 0.2500 0.0000 -0.5000 3.9450 3.8075 3.8800 3.9525 3.9700 4.0100 4.1000 3.9700 3.9650 4.0075 4.0025 4.0975 0.0000 4.0950

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