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Mogul oil company will sell 9 0 0 0 barrels of oil in 2 months. Suppose Mogul hedges the risk by selling futures on 7

Mogul oil company will sell 9000 barrels of oil in 2 months. Suppose Mogul hedges the risk by selling futures on 7200.0 barrels of oil. The current oil futures price is $21.1 dollars per barrel. If in 2 months the spot price of oil is $20.5 and the futures price is $21.8 per barrel, what is Mogul's gain on the futures transaction and effective price per barrel?

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