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Use the following corn futures quotes: Corn 5 , 0 0 0 bushels Contract Month Open High Low Settle Change Open Interest March 4 5
Use the following corn futures quotes:
Corn bushels
Contract Month Open High Low Settle Change Open Interest
March
May
July
September
Suppose you buy of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is and you close out your position. Calculate your dollar profit on this investment.
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to decimal places.
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