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Use the following corn futures quotes: Contract Month Mar Corn 5,000 bushels Open High Low Settle 455.125 457.000 451.750 452.000 467.000 468.000 463.000 463.250 477.000

Use the following corn futures quotes: Contract Month Mar Corn 5,000 bushels Open High Low Settle 455.125 457.000 451.750 452.000 467.000 468.000 463.000 463.250 477.000 477.500 472.500 473.000 475.000 475.500 471.750 472.250 May Chg Open Int -2.750 597,913 -2.750 137,547 -2.000 153, 164 -2.000 29,258 July Sep a. How many of the September contracts are currently open? Contracts b. How many of these contracts should you sell if you wish to deliver 75,000 bushels of corn in September? Contracts c. If you actually make delivery, how much will you receive? Assume you locked in the settle price. (Do not round intermediate calculations. Round your answer to the nearest whole number.) Price

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