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Question 10 13 out of 20 points As a jewelery manufactuer you took out a long luturos contract to buy gold in January at a

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Question 10 13 out of 20 points As a jewelery manufactuer you took out a long luturos contract to buy gold in January at a price of $1.600 per Ounce. Each contract is for 100 ounces of gold. Today, on December 9. you decided to close out the contract and you purchased 120 ounces of gold in the spot market at a price $1530 per ourde. What is the etee price you paid for each ounce of gold? Response Feedback None Gent

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