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Futures contracts on silver are based on 5,000 troy ounces and are priced in dollars per troy ounce. Assume today's open price on one May

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Futures contracts on silver are based on 5,000 troy ounces and are priced in dollars per troy ounce. Assume today's open price on one May contract was 19.603 and the settle price was 19.428. You own three May contracts which you purchased at a quote of 19.346. What is your total profit or loss to date? O -$350 -$460 $1,230 o $1,285 o $410

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