Question: Explain the asymmetric effect on the variation margin and cash flow for the short and long in an interest-rate futures contract when interest rates change.

Explain the asymmetric effect on the variation margin and cash flow for the short and long in an interest-rate futures contract when interest rates change.

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Explain the asymmetric effect on the variation margin and cash flow for the short and long in an interest-rate futures contract when interest rates change. AppendixLO1

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