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Suppose you purchase a September 2020 orange juice futures contract on this day at the last price of the day. What will your profit or

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Suppose you purchase a September 2020 orange juice futures contract on this day at the last price of the day. What will your profit or loss be if orange juice prices turn out to be $1.204 per pound at expiration? Use Table 23.1. (Do not round intermediate calculations and enter your answer as a positive value rounded to 2 decimal places, e.9., 32.16.) Orange Juice (ICE-US) 15,000lb; cents per lb \begin{tabular}{|llllllll} July & 123.00 & 126.95 & A & 122.45 & 126.80 & 3.25 & 7,233 \\ Sept & 122.90 & 125.20 & & 122.10 & 125.05 & 2.25 & 1,942 \end{tabular}

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