If you buy a $100,000 June Canada bond contract for 108 and the price of the deliverable

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If you buy a $100,000 June Canada bond contract for 108 and the price of the deliverable Canada bond at the expiration date is 102, what is your profit or loss on the contract?

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The Economics of Money Banking and Financial Markets

ISBN: 978-0321785701

5th Canadian edition

Authors: Frederic S. Mishkin, Apostolos Serletis

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