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  3. you purchased one silver futures contract at $3.15

You purchased one silver futures contract at $3.15 per ounce. Assume the contract size is...

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Finance

You purchased one silver futures contract at $3.15 per ounce. Assume the contract size is 5,000 ounces and there are no transactions costs. What would be your profit or loss at maturity if the silver spot price at that time is $2.90 per ounce? (Use a minus sign to indicate a loss. Round your answer to 2 decimal places.).

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