Question: Problem 3-13 Using Futures Quotations (LO3, CFA4) Use the following corn futures quotes: Suppose you buy 30 of the September corn futures contracts at the

Problem 3-13 Using Futures Quotations (LO3, CFA4) Use the following corn futures quotes: Suppose you buy 30 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 464.5, and you close out your position. Calculate your dollar profit on this investment. (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)

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