You speculate in the market by selling 15 gold futures contracts when the futures price is $418.23 per ounce. The price on the contract maturity date is $397.62. What is your total profit (loss) if the contract size is 100 ounces?
A) $206
B) $309
C) $2,061
D) $20,610
E) $30,915
Correct Answer:
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