A hedger takes a short position in five T-bill futures contracts at the price of 98 5

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A hedger takes a short position in five T-bill futures contracts at the price of 98 5 32 . Each contract is for

$100,000 principal. When the position is closed, the price is 9512

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Financial Markets And Institution

ISBN: 9781292459547

10th Global Edition

Authors: Frederic Mishkin, Stanley Eakins

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