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Futures contracts on silver are based on 10,000 tory ounce and are priced in dollars per tory ounce. Assume today's open price on one May

Futures contracts on silver are based on 10,000 tory ounce and are priced in dollars per tory ounce. Assume today's open price on one May contract was 19.603 and the settle price was 19.428.You own four October contracts which you purchased at a quote of 19.346. What is your total profit or loss to date?

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