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12. A standard futures contract is for 5,000 troy ounces of silver. The futures price is $23.A6/02. If the spot price is $23.61/oz, a. The

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12. A standard futures contract is for 5,000 troy ounces of silver. The futures price is $23.A6/02. If the spot price is $23.61/oz, a. The gain on the futures contract is $750 for the long side b. The loss on the futures contract is $750 for the short side c. The gain or loss is SO d. Both a and b e. Not enough information to tell

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