Question: Check my work 8 Problem 2-25 (Algo) 10 points Look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for

Check my work 8 Problem 2-25 (Algo) 10 points Look at the futures listings for corn in Figure 2.11. Suppose you buy one

Check my work 8 Problem 2-25 (Algo) 10 points Look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for September 2019 delivery at the closing price. Required: If the contract closes in September at a price of $3.72 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.) (Round your answer to 2 decimal places.) eBook References Profit FIGURE 2.11 Corn futures prices on the Chicago Mercantile Exchange, September 4, 2019 Maturity September-19 December-19 May-20 December-20 July-21 Last 3.4500 3.5750 3.7925 3.9725 4.1875 Change -4.7500 -3.5000 -3.2500 -2.2500 -2.0000 High 3.5100 3.6300 3.8400 4.0025 4.2000 Low 3.4450 3.5650 3.7850 3.9700 4.1825 Source: www.cmegroup.com, September 4, 2019

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