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Refer to Figure 2 4 . 6 . Suppose you sell June 2 0 2 1 gold futures on January 1 3 , 2 0
Refer to Figure Suppose you sell June gold futures on January Assume ounces per contract. What will your profit or loss be if gold prices turn out to be $ per ounce at expiration? What will your profit or loss be if gold prices are $ per ounce at expiration? Please clearly state both answers and say whether they are a LOSS or PROFIT. Also, show all calculations.
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