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show work please 4. An investor buys a September 2020 Copper Futures contract on August 19th when the spot price is $2.9740. Each contract is

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show work please
4. An investor buys a September 2020 Copper Futures contract on August 19th when the spot price is $2.9740. Each contract is for 25,000 pounds of Copper. What will be the gain/loss to the trader if the spot price at contract close is $3.0965

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