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You are expected to deliver 8,237 ounces of copper to your main customer six months from now. You are concerned that the price of copper

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You are expected to deliver 8,237 ounces of copper to your main customer six months from now. You are concerned that the price of copper (which is $12 today) may go up, and thus, you decide to hedge by buying a futures contract on aluminum. The cost per aluminum ounce in the futures contract is $11. Six months from now, the price of both copper and aluminum are now $30. You close your positions. What is your overall gain/loss? Please round your answer to the nearest three decimals (if needed). Do not type the $ symbol

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