A trader takes a short position in a 5 Eurodollar futures contract at the futures price of 98.14. A short time later, the trader closes out the position at a price of 98.27. What is the trader’s total gain or loss on the trade?

A. A loss of $325
B. A gain of $325
C. A loss of $1,625
D. A gain of $1,625

Answer rating: 100% (QA)

Solution 1 Eurodollar ... View the full answer