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Gold futures contracts are based on 100 troy ounces and are priced in dollars per troy ounce. You own two September contracts. At the end

Gold futures contracts are based on 100 troy ounces and are priced in dollars per troy ounce. You own two September contracts. At the end of tradingtoday, the market report reflected these prices: Open 1239.00, High 1395.00, Low 1275.00 and Settle 1269.10. What is the value of your contracts at the market closetoday?

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