Question

            Corn 5,000 bushels  Contract MonthOpenHighLowSettleChgOpen Int  Mar455.125457.000451.750452.000−2.750597,913    May467.000468.000463.000463.250−2.750137,547    July477.000477.500472.500473.000−2.000153,164    Sep475.000475.500471.750472.250−2.00029,258     Suppose you buy 21 of the September corn futures contracts at the last price of the day. One month from now, the futures price of this contract is 463.125, and you close out your position. Calculate your dollar profit on this investment. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the “$” sign in your response.)           Dollar profit$   

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