ow much profit or los s would you make if ou shorted 100 90-day bank bill futures ontracts at 98.72 and closed them out 27 ays later at 98.68 when the continuously ompounded risk free rate is 2.4693%?

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
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How much profit or loss would you make if
you shorted 100 90-day bank bill futures
contracts at 98.72 and closed them out 27
days later at 98.68 when the continuously
compounded risk free rate is 2.4693%?
Transcribed Image Text:How much profit or loss would you make if you shorted 100 90-day bank bill futures contracts at 98.72 and closed them out 27 days later at 98.68 when the continuously compounded risk free rate is 2.4693%?
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