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lJanuary: an investor enters into a long futures contract to buy 100 oz of gold @ $1,100 per oz in April lApril: the price of

lJanuary: an investor enters into a long futures contract to buy 100 oz of gold @ $1,100 per oz in April

lApril: the price of gold is $1,175 per oz

What is the investors profit or loss?

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