Problem 3-12 Futures Quotations (LO3, CFA4) Use the following corn futures quotes: Contract Month Mar May July Sep Open 455.125 467.000 477.000 475.000 Corn 5,000 bushels High Low 457.000 451.750 468.000 463.000 477.500 472.500 475.500 471.750 Settle 452.000 463.250 473.000 472.250 Chg -2.750 -2.750 -2.000 -2.000 Open Int 597,913 137,547 153, 164 29, 258 ose you sell 25 of the May corn futures at the high price of the day. You close your position later when the price is 465.375. Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dollar profit