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34. You purchased one oil future contract at $70 per barrel. What would be your profit (loss) at maturity if the oil spot price at

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34. You purchased one oil future contract at $70 per barrel. What would be your profit (loss) at maturity if the oil spot price at that time is $73.12 per barrel? Assume the contract size is 1,000 barrels and there are no transactions costs. (a) (b) (c) (d) $31.20 profit $31.20 loss $3.12 profit none of the above

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