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please help Use the following corn futures quotes: Contract Month March May July September Open 455.125 467.000 477.000 475.000 Dollar profit Corn 5,000 bushels Low
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Use the following corn futures quotes: Contract Month March May July September Open 455.125 467.000 477.000 475.000 Dollar profit Corn 5,000 bushels Low 451.750 463.000 472.500 471.750 High 457.000 468.000 477.500 475.500 Settle 452.000 463.250 473.000 472.250 Change -2.750 -2.750 -2.000 -2.000 Open Interest 597,913 137,547 153, 164 29,258 Suppose you buy 15 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 462.125, and you close out your position. Calculate your dollar profit on this investment. Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.
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