A trader shorts 35 5-year bond futures contracts at 98.72 and the market rallies to 98.84. If
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Question:
A trader shorts 35 5-year bond futures contracts at 98.72 and the market rallies to 98.84. If this trader where to buy 60 bank bill futures contracts, to what level must the bank bill futures contract rally to cover the losses from the 5-year bond trade?
Expert Answer:
The trader would need the bank bill futures contract to rally to 98 80 to cover the losses from the ... View the full answer
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