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FUTURES MARKETS - EXCHANGE PRICE You entered into the May contract for COPPER. Suppose that when the contract matures in May, the price of COPPER

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FUTURES MARKETS - EXCHANGE PRICE You entered into the May contract for COPPER. Suppose that when the contract matures in May, the price of COPPER turns out to be $3.07 per lb a. What will be the profit or (loss) be for the long position trader who entered the contract at the futures price per lb (see table above from COMEX)

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