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The contract size for platinum futures is 5 0 troy ounces. Suppose you need 4 5 0 troy ounces of platinum and the current futures
The contract size for platinum futures is troy ounces. Suppose you need troy ounces of platinum and the current futures price is $ per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit if platinum sells for $ a troy ounce when the futures contract expires? What if the price is $ at expiration?
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