What is the profit on a hedge if bonds are purchased at $150,000, two futures contracts are
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Question:
What is the profit on a hedge if bonds are purchased at $150,000, two futures contracts are sold at $72,500 each, then the bonds are sold at $147,500 and the futures are repurchased at $74,000 each?
a. -$2,500
b. -$5,500
c. -$500
d. -$3,000
e. none of the above
Related Book For
Financial Accounting
ISBN: 978-0078025549
3rd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
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