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Question 8 2 points Save Ans You are long 3 contracts of 1-yr gold futures with a delivery price (K) of $1,200. What will be

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Question 8 2 points Save Ans You are long 3 contracts of 1-yr gold futures with a delivery price (K) of $1,200. What will be your payoff at expiry if the gold price at expiry (S_T) is $11007

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