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Intro You are long 56 gold futures contracts with a futures price of $1,273.32 per troy oz. Each contract covers 100 troy ounces of gold.

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Intro You are long 56 gold futures contracts with a futures price of $1,273.32 per troy oz. Each contract covers 100 troy ounces of gold. Part 1 - Attempt 1/2 for 10 pts. What is your profit if the gold price is $1,271 on the expiration date of the futures contract (in $)? + decimals Submit

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