In: Finance
| 
 Look at the futures listings for corn in Figure 2.10.  | 
| a. | 
 Suppose you buy one contract for July 2012 delivery. If the contract closes in July at a price of $6.66 per bushel, what will be your profit or loss? (Each contract calls for delivery of 5,000 bushels.)  | 
| (Click to select)LossProfit | $ | |
| b. | 
 How many July 2012 maturity contracts are outstanding?  | 
| Number of outstanding contracts |