5. Suppose that the pension you are managing is expecting an inflow of funds of million next...

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5. Suppose that the pension you are managing is expecting an inflow of funds of million next year and you want to make sure that you will earn the current interest rate of 8% when you invest the incoming funds in long-term bonds. How would you use the futures market to do this?

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Financial Markets And Institutions

ISBN: 9780134519265

9th Edition

Authors: Frederic S. Mishkin, Stanley G. Eakins

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