BAS2 Chapter 3. Problem solving Save Help Sove & Exit Submit Check my work 5 The contract size for platinum futures is 50 troy ounces Suppose you need 400 troy ounces of platinum and the current futures price is 5750 per ounce How many contracts do you need to purchase? How much will you pay for your platinum? What is your dollar profit platinum sells for $800 a troy ounce when the futures contract expires? What if the price is $700 at expiration (A negative value should be indicated by a minus sign. Do not found intermediate calculations. Round your answers to the nearest whole number) took Contracts to purchase Purchase price Dollar prolita 5600 Dollar prot at STOO