A trader buys 1 bank bill futures contract at 98.97. How much underlying exposure have they purchased?

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A trader buys 1 bank bill futures contract at 98.97. How much underlying exposure have they purchased?
The same trader sells the bank bill futures contract 10 days later at 99.16. What was their profit?

Related Book For answer-question

Fundamentals of Futures and Options Markets

ISBN: 978-0132993340

8th edition

Authors: John C. Hull

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Posted Date: May 04, 2020 04:00 AM

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A trader buys 1 bank bill futures contract at 98.97. How much underlying exposure have they purchased?

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Fundamentals of Futures and Options Markets

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