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An investor purchases 87 crude oil futures contracts at a price of $92.01/barrel. Each contract covers 1,000 barrels. What is the investor's profit or loss
An investor purchases 87 crude oil futures contracts at a price of $92.01/barrel. Each contract covers 1,000 barrels. What is the investor's profit or loss if the price of crude oil is $122.11/barrel at expiration?
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