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If you are long 3 contracts of 1-year gold futures with a delivery price (K) of $1700, what will be your payoff at expiry if
If you are long 3 contracts of 1-year gold futures with a delivery price (K) of $1700, 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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