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Use the following corn futures quotes: Contract Month Mar May July Sep Open 455.125 467.000 477.000 475.000 Corn 5,000 bushels High Low Settle 457.000 451.750

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Use the following corn futures quotes: Contract Month Mar May July Sep Open 455.125 467.000 477.000 475.000 Corn 5,000 bushels High Low Settle 457.000 451.750 452.000 468.000 463.000 463.250 477.500 472.500 473.000 475.500 471.750 472.250 Chg Open Int -2.750 597,913 -2.750 137,547 -2.000 153, 164 -2.000 29,258 es Suppose you sell 19 of the May corn futures at the high price of the day. You close your position later when the price is 467.750. Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Dollar profit

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