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You purchased 7 August 13 futures contracts on soybeans at a price quote of 1,0526. Each contract is for 5,000 bushels with the price quoted

You purchased 7 August 13 futures contracts on soybeans at a price quote of 1,0526. Each contract is for 5,000 bushels with the price quoted in cents and 1/8 ths of a cent per bushel. Assume the contract price is 1,0604 when you close out your contract six weeks from now. What will be your total profit or loss on this investment?

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