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Use the following corn futures quotes: Corn 5,000 bushels Open High Low Settle Chg Open Int Mar 455'1 457'0 451'6 452'0 -2'6 597,913 May 467'0
| Use the following corn futures quotes: |
| Corn 5,000 bushels | ||||||
| Open | High | Low | Settle | Chg | Open Int | |
| Mar | 455'1 | 457'0 | 451'6 | 452'0 | -2'6 | 597,913 |
| May | 467'0 | 468'0 | 463'0 | 463'2 | -2'6 | 137,547 |
| July | 477'0 | 477'0 | 472'4 | 473'0 | -2'0 | 153,164 |
| Sep | 475'0 | 475'0 | 471'6 | 472'2 | -2'0 | 29,258 |
| Suppose you sell 18 of the May corn futures at the high price of the day. You close your position later when the price is 465.875. Ignoring commission, what is your dollar profit on this transaction? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) |
| Dollar profit | $ |
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