If you buy a $200,000 March Treasury bond contract for 109 and the price of the deliverable

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If you buy a $200,000 March Treasury bond contract for 109 and the price of the deliverable Treasury bond at the expiration date is 103, what is your profit or loss on the contract?

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Financial Markets And Institutions

ISBN: 9781292215006

9th Global Edition

Authors: Stanley Eakins Frederic Mishkin

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