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Mitch sold 10 futures contracts on copper at a price of $.8063 per pound. Contracts on copper areset at 25,000 pounds. What is the amount

Mitch sold 10 futures contracts on copper at a price of $.8063 per pound. Contracts on copper areset at 25,000 pounds. What is the amount of Mitch's profit or loss if the price on the maturity date is $.8104?

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