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United Airlines enters into a forward contract to buy tone) 20.000 barrels of let fuel from an oil refinery on January 2021 at a forward

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United Airlines enters into a forward contract to buy tone) 20.000 barrels of let fuel from an oil refinery on January 2021 at a forward price of 51.90 per gallon, if the spot price of jet fuel on maturity date is 12.10, what is United Airlines payoffs from this contract

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