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Question 11 6.25 pts Suppose that on October 24 you Sell 6 March gold futures contracts for $340 per ounce. At 11:00 am on October

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Question 11 6.25 pts Suppose that on October 24 you Sell 6 March gold futures contracts for $340 per ounce. At 11:00 am on October 25 you buy 2 March contracts for $346.0 ounce. At the close of trading on October 25, gold futures settle for $350.0 ounce. If the contract size is 100 ounces and the initial margin equals 3400, how much do you gain or lose as of the close? -5200.0 -2800.0 O 5200.0 0 2800.0

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