5. You hedge corn at the DEC24 contract settle price for the day. What is the settle price in dollars? (2 pts.) 6. When December 1th rolls around, you offset your futures position for corn. The December futures contract price is now $4.7300/bu. Also on December 1tt, you sell the corn that you have harvested on the cash market at the same price of $4.7300/bu. 1. What is your per bushel profit or loss in the futures market? (4 pts.) 2. What is your total profit/loss in the futures market? (4 pts.) 3. Accounting for profit/loss in the futures market, what is the effective price per bushel for corn, also called the net price per bushel, you receive for your corn. ( 8 pts.) Show the math