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Suppose you purchase a January 2021 orange juice futures contract on December 4 , 2020, at the last price of the day. Use Table 25.2.

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Suppose you purchase a January 2021 orange juice futures contract on December 4 , 2020, at the last price of the day. Use Table 25.2. What will your profit or loss be if orange juice prices turn out to be $1.281 per pound at expiration? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16) Futures Contracts

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