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If you are long 3 contracts of 1 - year gold futures with a delivery price ( K ) of $ 1 8 0

"If you are long 3 contracts of 1-year gold futures with a delivery price (K) of $1800, what will be your payoff at expiry if the gold price at expiry is (i) $1400
(ii) $1800
(iii) $2000
Each contract is 100 shares. Round to integers."
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