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The contract size for platinum futures is 50 troy ounces. Suppose you need 300 troy ounces of platinum and the current futures price is $2,028
The contract size for platinum futures is 50 troy ounces. Suppose you need 300 troy ounces of platinum and the current futures price is $2,028 per ounce.
What is your dollar profit if platinum sells for $2,084 a troy ounce when the futures contract expires?
(Round your answer to 2 decimal places. Omit the "$" sign in your response.)
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