Suppose today is March 27, 2018, and your firm produces breakfast cereal and needs 160,000 bushels of corn in July 2018 for an upcoming promotion. You would like to lock in your costs today because you are concerned that corn prices might go up between now and July. Use Table 25.2 a. What is the total price are you locking in for the 160,000 bushels of corn based on the day's closing price? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. Suppose corn prices are $4.09 per bushel in July. What is the profit or loss on your futures position? (Enter your answer as a positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) a. Total price b. Profit May July July Currency Futures Japanese Yen (CME)-V12500,000, 5 per 100% April .9488 9500 9460 9489 -0030 $51 June 9527 .9494 5528 -0030 168,978 Canadian Dollar (CME) CAD 100,000 $per CAD April 77927802 7760 777-0005 249 June .7795 7815 7761 7778-0006 121,883 British Pound (CME) 62,500 Sper E April 1.4243 14248 1.4003 1.4167 -0074 1,125 June 14285 14293 1.413 1.4201 -0075 180,805 Swiss Franc (CE) CHF 125,000.Sper CHF June 1.0656 1.0674 10589 10632-0028 44,398 Australian Dollar (CME) AUD 100,000. Sper AUD April 7749 7754 .7680 7688 -0047 1,390 May 7735 7750 .7694 7688 -0047 492 June 7257 .7760 .7677 .7689 -0048 98,419 Sept 7756 7763 .7688 7695 -.0048 Dec 7740 .7740 7.76837701 -0049 343 Mexican Peso (CME)- MXN 500.000 Spa MXN June 05382053% 05361.05381 - 00016 197,395 Euro (CME-