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Suppose you buy one contract for September 2019 delivery at the closing price. If the contract closes in September at a price of $3.68 per
Suppose you buy one contract for September 2019 delivery at the closing price. If the contract closes in September at a price of $3.68 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.) Maturity Last Change High Low Sep.2019 3.4500 -4.7500 3.5100 3.4450 Dec.2019 3.5750 -3.5000 3.6300 3.5650 May.2020 3.7925 -3.2500 3.8400 3.7850 Dec.2020 3.9725 -2.2500 4.0025 3.9700 July.2021 4.1875 -2.0000 4.2000 4.1825 O Profit. $1.150.00 O Loss. -$1,150.00 O Loss, $625.50 O Profit. $625.50
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