Question: Please help me solve this! I have been struggling a while and mainly I need the PROCESS. Give right answer with proper explanation kudos! Show

Please help me solve this! I have been struggling a while and mainly I need the PROCESS. Give right answer with proper explanation kudos!

Show your process to get the number, thanks!

Del Monte will buy 100,000 bushels of corn in three months. To protect against price volatility, they decide to hedge with a three month futures contract at $4.50/bushel. The current price is $4.00/bushel. Corn trades in 5000 bushel contracts. If the price per bushel of corn increased to $4.75 after three months, what is their OVERALL net gain or loss

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