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Look at the futures listings for the corn contract in Table 27 Suppose you buy one contract for December 2019 delivery. If the contract closes

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Look at the futures listings for the corn contract in Table 27 Suppose you buy one contract for December 2019 delivery. If the contract closes in December at a level of 4.12. what will your profit be? (Round your answer to 2 decimal places.) Profit Table 2.7 Maturity Last Change High Low Corn futures prices on the Chicago Mercantile Exchange, January 3, 2019 Mar-19 May-19 Jul-19 Sep-19 Dec-19 Mar-20 3.8025 3.8800 3.9500 3.9700 4.0075 4.0975 0.7500 3.8075 0.5000 3.8800 0.2500 3.9525 0.0000 3.9700 -0.5000 4.0100 0.0000 4.1000 3.7975 3.8750 3.9450 3.9650 4.0025 4.0950 Source: www.cmegroup.com

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