Suppose you purchase a April 2017 feeder cattle futures contract on this day at the last price of the day. Use Table 23.1 What will your profit or loss be if feeder cattle prices turn out to be $1.2287 per pound at expiration? (Do not round intermediate calculations. Enter your answer as a positive value and round your answer to 2 decimal places, e.g., 32.16.) 947.50 -8.00 9,388 972.50 -8.50 2,516 443-50 11.00 179,982 455.25 11.75 137,497 451.25 9.25 71,740 475.00 8.50 69,377 11.00 24,788 568.50 566.50 9.25 29,537 123.625 1.325 19,575 Rough Rice (CBT)-2,000 cwt; $ per cwt. March 953.00 960.50 942.00 May 978.50 984.50 968.00 Wheat (CBT)-5,000 bu.; cents per bu. March 430.50 444.00 429.50 May 442.00 455-50 440.75 Wheat (KC)-5,000 bu; cents per bu. March 440.25 451.75 438.25 July 465.25 475.25 462.75 Wheat (MPLS)-5,000 bu; cents per bu. March 557-50 569-50 556.00 May 556.75 567.00 555-50 Cattle-Feeder (CME)-50,000 lbs.; cents per lb. March 122.525 123.800 121.900 April 123.250 124.200 122.450 Cattle-Live (CME)-40,000 lbs; cents per lb. Feb 117.250 117.750 116.775 April 115.000 115.175 114.125 Hogs-Lean (CME)-40,000 lbs; cents per lb. Feb 73.900 74-500 73-550 April 72.125 72.250 70.625 Lumber (CME)-110.000 bd. ft., $ per 1,000 bd. ft. March 381.70 381.70 373.80 May 379.60 381.70 375.90 Milk (CME)-200,000 lbs.; cents per lb. Feb 16.87 16.89 16.79 March 16.91 17.03 16.73 Cocoa (ICE-US)-10 metric tons; $ per ton. March 1,993 2,018 1,969 124.050 1.075 10,511 .875 17,410 117.650 114.825 .075 144,593 74.225 .875 14,671 104,603 70.775 -.950 3.50 2,698 375.40 378.40 2.60 1,541 16.85 4,180 16.97 .03 4,392 1,974 -19 35,455 May 2,008 2,038 1,988 1,996 -15 105,293 Coffee (ICE-US)-37,500 lbs; cents per lb