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You sell a forward on gold with a forward price F(0)=$1750. Spot gold is traded at S(0)=$1725. Gold price at expiration is S(T)=$1800 at

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You sell a forward on gold with a forward price F(0)=$1750. Spot gold is traded at S(0)=$1725. Gold price at expiration is S(T)=$1800 at expiration. Your payoff is (you receive) ...

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