Suppose you purchase a May 2017 coffee futures contract on this day at the last price of the day. Use Table 23.1

What will your profit or loss be if coffee prices turn out to be $1.4567 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.)

Table 23.1:

Sample Wall Street Journal Futures Price Quotations TABLE 23.1 Metal &Petroleum Futures Contract Op en open lHligh hilo Low Settle Settle Chg interest Coffee (ICE-US)-37.500 lbs; cents per lb. March May Sugar-World (ICE-US)-112,oo0 lbs; cents per lb. March May Sugar-Domestic (ICE-US)-112,000 lbs; cents per lb. May July Cotton (ICE-US)-50,000 lbs; cents per lb March May Orange Juice (ICE-US)-15,00o lbs; cents per lb. March May 142.85 145.20 2.30 43.558 145.25 147.60 143.40 145.70 145.95 148.05 2.30 73,254 20.65 11 220,619 -,08 224.526 20.74 21.03 20.62 20.65 20.61 20.72 20.97 30.40 .07 30.40 30.40 30.32 946 30.40 30.40 30.39 30.40 1,768 76.13 75-43 75.25 75-58 76.65 33 104.332 6.4077-30 76.40 .22 97,772 7438 172.65 175.00 167.80 171.55 174.00 166.80 168.75 1.00 169.75 60 3-434