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9. A hedge fund signed a forward contract with a bank, where it was agreed that the Hedge fund would buy 6,000 ounces of Gold

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9. A hedge fund signed a forward contract with a bank, where it was agreed that the Hedge fund would buy 6,000 ounces of Gold at $ 2,200.00 an ounce one year from now. One year later, the ounce of Gold is priced at $1,500.00. How much did the Hedge Fund gain or lose? (4 points) I 9. A hedge fund signed a forward contract with a bank, where it was agreed that the Hedge fund would buy 6,000 ounces of Gold at $ 2,200.00 an ounce one year from now. One year later, the ounce of Gold is priced at $1,500.00. How much did the Hedge Fund gain or lose? (4 points)

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