You hedged your banks exposure to declining interest rates by buying one June Treasury bond futures contract
Question:
a. What is the profit or loss on your long position as of settlement on June 10?
b. If you deposited the required initial margin on April 10 and have not touched the equity account since making that cash deposit, what is your equity account balance?
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Related Book For
Bank Management and Financial Services
ISBN: 978-0078034671
9th edition
Authors: Peter Rose, Sylvia Hudgins
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