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Use the following corn futures quotes: Suppose you sell 13 of the May corn futures at the high price of the day. You close your
Use the following corn futures quotes: Suppose you sell 13 of the May corn futures at the high price of the day. You close your position later when the price is 467.375. 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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