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You sold one oil future contract at $70 per barrel. What would be your profit (loss) at maturity if the oil spot price at that

You sold one oil future contract at $70 per barrel. What would be your profit (loss) at maturity if the oil spot price at that time is $73.12 per barrel? Assume the contract size is 1,000 barrels and there are no transactions costs. Group of answer choices $3.12 loss $31.20 profit $3.12 profit None of the options are correct. $31.20 loss

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