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19. You purchased one silver future contract at $3 per ounce. What would be your profit (loss) at maturity if the silver spot price at

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19. You purchased one silver future contract at $3 per ounce. What would be your profit (loss) at maturity if the silver spot price at that time is $4.10 per ounce? Assume the contract size is 5,000 ounces and there are no transactions costs. a. $5.50 profit b. $5,500 profit c. $5.50 loss d. $5,500 loss e. None of these is correct

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