Suppose that the pension you are managing is expecting an inflow of funds of $200 million next

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Suppose that the pension you are managing is expecting an inflow of funds of $200 million next year and you want to make sure that you will earn the current interest rate of 9% when you invest the incoming funds in long-term bonds. How would you use the futures market to do this?

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Financial Markets And Institutions

ISBN: 9781292215006

9th Global Edition

Authors: Stanley Eakins Frederic Mishkin

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