Futures are available on three-month T-bills with a contract size of $1 million. If you take a long position at 96.39 and later sell the contracts at 96.96, what is the total net gain or loss on this transaction? The net is $ per contract. (Round your response to the nearest whole number as needed.)

Futures are available on three-month T-bills with a contract size of $1 million. If you take a long position at 96.39 and later sell the contracts at 96.96, what is the total net gain or loss on this transaction? The net is $ per contract. (Round your response to the nearest whole number as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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