Problem 2-17 Look at the futures listings for the corn contract in Table 2.7. Suppose you buy one contract for December 2019 delivery. If the contract closes in December at a level of 4.38, 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 0.5000 0.2500 0.0000 -0.5000 0.0000 3.8075 3.8800 3.9525 3.9700 4.0100 4.1000 3.7975 3.8750 3.9450 3.9650 4.0025 4.0950 Source: www.cmegroup.com Problem 2-17 Look at the futures listings for the corn contract in Table 2.7. Suppose you buy one contract for December 2019 delivery. If the contract closes in December at a level of 4.38, 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 0.5000 0.2500 0.0000 -0.5000 0.0000 3.8075 3.8800 3.9525 3.9700 4.0100 4.1000 3.7975 3.8750 3.9450 3.9650 4.0025 4.0950 Source: www.cmegroup.com