This is a problem about com futures contactes, look at the futures listings for corn in Figure 2.11. Suppose you buy one contract for July 2017 delivery at the closing price. If the contract closes in July at a price of $3.76 per bushe what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels) (Round your answer to 2 decimal places.) search O LAST CHG HIGH LOW FIGURE 2.11 Corn futures prices on che Chicago Mercantile Exchange, April 18, 2017 Source: www.come group.com April 18, 2017 Maturity May '17 Jul '17 Sep '17 Dec '17 Mar '17 3.6125 3.6775 3.7525 3.8575 39575 -0.0525 -0.0550 -0.0475 -0.0450 -0.0400 3.6800 3.7450 3.8125 3.9150 4.0025 3.6075 3.6725 3.7475 3.8525 3.9475 o II e