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You purchased a futures contract on oats at a futures price of 233.75 and at the time of expiration the price was 261.25. What was

You purchased a futures contract on oats at a futures price of 233.75 and at the time of expiration the price was 261.25. What was your profit or loss? (Hint: There are 5,000 bushels per contract and prices are quoted in cents per bushel)

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