What the total gain or loss from the derivatives

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Question - Dupot Corporation entered into two derivatives contracts. The first is a contract to buy P5,000,000 face value bonds at P4,600,000. On the agreed date, the bonds were trading at P4,800,000. The second is a contract to sell 100,000 shares at a total price of P3,000,000. The shares were trading at P3,400,000 on the agreed date. What the total gain or loss from the derivatives?

Reference no: EM133035780

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