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as a specualtor you shotred 1 0 future contracts on gold futures with a june settlement date taking a short posiiton at a quoted price

as a specualtor you shotred 10 future contracts on gold futures with a june settlement date taking a short posiiton at a quoted price of 198.40. the current price is 1978.80. the contract size is 100 ounce of gold, and the quotes are expressed in dollars and cents per ounce in gold. what is the current dollar profit/loss on this investment if you cover the postion at the current price

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