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Suppose that on 5-april James industries, a hypothetical company, enters into 5 December copper futures to buy copper at strike price of $4.53/Ibs. If price

Suppose that on 5-april James industries, a hypothetical company, enters into 5 December copper futures to buy copper at strike price of $4.53/Ibs. If price of the copper at maturity in December is 4.62$/Ibs.

What will total payoff for James industries?

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