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anuary 1 , 2 0 2 3 , Wildhorse Inc. agrees to buy 3 kg of gold at $ 3 8 , 0 0 0
anuary Wildhorse Inc. agrees to buy kg of gold at $ per kilogram from Golden Corp. on April but does not intend to take delivery of the gold. On the day that the contract was entered into, the fair value of this futures contract that trades on the Futures Exchange was zero. On January Wildhorse is required to deposit $ with the stockbroker as a margin. The fair value of the futures subsequently fluctuated as follows: On the settlement date, the spot price of gold is $ per kilogram. Assume that Wildhorse complies with IFRS.
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