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4 8 . In August 2 0 2 2 a company takes a short position in a contract on April 2 0 2 3 platinum
In August a company takes a short position in a contract on April platinum futures.
It closes out its position in February The futures price per ounce is $ when it enters the contract, $ when it closes out its position, and $ at the end of December
One contract is for the delivery of ounces platinum. What is the company's total gain or loss?
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