20. Assume the bank in the previous question partially hedges the mortgage by selling three 10-year T-note
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20. Assume the bank in the previous question partially hedges the mortgage by selling three 10-year T-note futures contracts at a price of 100 20/32. Each contract is for . After two months, the futures contract has fallen in price to 98 24/32. What was the gain or loss on the futures transaction?
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Related Book For 
Financial Markets And Institutions
ISBN: 9780134519265
9th Edition
Authors: Frederic S. Mishkin, Stanley G. Eakins
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