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1 contact = 100 shares Question 21 2 points Save Answer You are long 3 contracts of 1-yr gold futures with a delivery price (K)

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1 contact = 100 shares

Question 21 2 points Save Answer You are long 3 contracts of 1-yr gold futures with a delivery price (K) of $1,200. What will be your payoff at expiry if the gold price at expiry (S_T) is $1000

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