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You decided to speculate in the market and sold five platinum futures contracts when the futures price was $1,491.20 per troy ounce. The price on

You decided to speculate in the market and sold five platinum futures contracts when the futures price was $1,491.20 per troy ounce. The price on the contract maturity date was $1,495. The contract size is 50 troy ounces. What was your total profit or loss on the settlement day if you had to cover your position in the spot market?

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