Suppose you purchase a May $2020$ milk futures contract on this day at the last price of the day. What will your profit or loss be if milk prices turn out to be $$\mathrm{.}1203$ per pound at expiration? Use Table $23\mathrm{.}1.($Do not round intermediate calculations and enter your answer as a positive value rounded to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Answer is complete but not entirely correct.

Loss

$$,4\mathrm{.}70$