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6 . R . C . Clark sold a futures contract on Treasury bonds that specified a price of 9 2 - 1 0 .

6 .

.

.

Clark sold a futures contract on Treasury bonds that specified a price of

92 - 10 .

When the position was closed out, the price of the Treasury bond futures contract was

93 - 00 .

Determine the profit or loss, ignoring transaction costs.

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