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1. Consider a Eurodollar futures contract of one year maturity. You LONG one unit of the futures contract for the futures rate of 1.20% in

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1. Consider a Eurodollar futures contract of one year maturity. You LONG one unit of the futures contract for the futures rate of 1.20% in the morning. When the market closes in the afternoon, the futures rate becomes 1.28%. What is your P&L

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