Futures are available on six-month T-notes with a contract size of $500,000. If you take a long position at 97.45 and later sell the contracts at 98.15, what is the total net gain or loss on this transaction?
Futures are available on six-month T-notes with a contract size of $500,000. If you take a long position at 97.45 and later sell the contracts at 98.15, what is the total net gain or loss on this transaction?
Chapter5: Currency Derivatives
Section: Chapter Questions
Problem 3IEE
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Transcribed Image Text:Futures are available on six-month T-notes with a contract size of
$500,000. If you take a long position at 97.45 and later sell the
contracts at 98.15, what is the total net gain or loss on this
transaction?
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