In November, you buy 4 futures contracts on 30-year Treasury bonds for $100,000 of par value of

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In November, you buy 4 futures contracts on 30-year Treasury bonds for $100,000 of par value of the bonds each at the futures price of 97-155. In February, you close out your position at 97-105. What is your dollar gain or loss, to the nearest cent?

Related Book For answer-question

Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Posted Date: Oct 12, 2020 01:01 PM

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In November, you buy 4 futures contracts on 30-year Treasury bonds for $100,000 of par value of

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Fundamentals of Investments, Valuation and Management

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