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John enters in a futures contract, allowing him to sell 6000 troy ounces of gold at $2000 per ounce in 48 months. After that time

John enters in a futures contract, allowing him to sell 6000 troy ounces of gold at $2000 per ounce in 48 months. After that time passes, the market price of gold is $1050 per troy ounce. How much does John make or lose?

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