You recently went short one Eurodollar futures contract at a price of 95.55. Not long after you've entered into a short position, the Federal Reserve (USA) announced a decrease in the cash rate from 4.5% to 4.0% causing your Eurodollar futures contract price to rise to 95.98. 

If the value of a Eurodollar futures contract is $25 per basis point the gain (loss) on your contract is?

Answer rating: 100% (QA)

To calculate the gain or loss on your Eurodollar futures c... View the full answer