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The gold price is currently $1000/oz. If you take a short position in a forward contract on gold with the forward price of $1050/oz. When

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The gold price is currently $1000/oz. If you take a short position in a forward contract on gold with the forward price of $1050/oz. When the contract matures after three months, the spot price of gold is $1150/oz. Your payoff of the forward contract is: $100/oz -$100/oz 0-$150/oz

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