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The contract size for platinum futures is 5 0 troy ounces. Suppose you need 7 0 0 troy ounces of platinum and the current futures

The contract size for platinum futures is 50 troy ounces. Suppose you need 700 troy ounces of platinum and the current futures price
is $780 per ounce. How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit
if platinum sells for $830 a troy ounce when the futures contract expires? What if the price is $730 at expiration?
Note: A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to the
nearest whole number.
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