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An investor buys a July call futures option contract on gold. The contract size is 100 ounces. The strike price is 1500. The investor exercises
An investor buys a July call futures option contract on gold. The contract size is 100 ounces. The strike price is 1500. The investor exercises the option when the July gold futures price is 1520 and the most recent settlement price is 1516, and immediately closes out the resulting futures position. What is the total payoff received by the investor? $1600 $160 $2000 $200 $ 150.000
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