Question: ? A n i n v e s t o r b e l i e v e s t h a t t h

?Aninvestorbelievesthatthepriceofgoldwillincreaseandbuys5(five)Julygoldfuturescontractsat1600.00perounce.Eachcontractsizeis100ounces.Julygoldfuturespriceincreases.Theinvestordecidestoincreasehispositionandgoeslonganother5(five)contractsat1610.00perounce.Theinvestorpaysround-turncommissionsof$20percontract.Laterhedecidestoliquidateallcontractsat1605.00.Whatistheresultingprofitorloss?
A.No profit or loss.
B. $20 profit
C. $200 loss
D. $2,300 profit

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