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Use the following corn futures quotes ( priced in cents ) : Contract Month Mar May July Sep Corn 5 , 0 0 0 bushels

Use the following corn futures quotes (priced in cents): Contract Month Mar May July Sep Corn 5,000 bushels Dollar profit High Low Settle Chg -2.750 Open 455.125457.000451.750452.000467.000468.000463.000463.250-2.750472.500473.000-2.000471.750472.250-2.000477.000477.500475.000475.500 Open Int 597,913137,547153,16429,258 Suppose you sell 17 of the May corn futures at the high price of the day! You close your position later when the price is 464.625. Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Use the following corn futures quotes (priced in cents): Suppose you sell 17 of the May corn futures at the high price of the day You close your position later when the price is 464.625. Ignoring commission, what is your dollar profit on this transaction? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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