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Show me the steps to solve Question 1 7 Note: The quoted prices are in cent ( 1 dollar = 1 0 0 cents )

Show me the steps to solve Question 17 Note: The quoted prices are in cent(1 dollar =100 cents). Contract Month
Mar May July Sep
Open High Low Settle Chg Open Int
455.125457.000451.750452.000-2.750597,913467.000468.000463.000463.250-2.750137,547477.000477.500472.500473.000-2.000153,164475.000475.500471.750472.250-2.00029,258 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.
a) Calculate your dollar profit on this investment. b) What is the HPR of this investment?

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