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6. Suppose an FI purchases a 20-year Treasury bond futures contract at 95. a. What is the FI's obligation at the time the futures contract
6. Suppose an FI purchases a 20-year Treasury bond futures contract at 95. a. What is the FI's obligation at the time the futures contract is purchased? b. If an FI purchases this contract, in what kind of hedge is it engaged? c. Assume that the Treasury bond futures price falls to 94 . What is the loss or gain d. Assume that the Treasury bond futures price rises to 97. Mark to market the position
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Microfinance Handbook An Institutional And Financial Perspective
Authors: Joanna Ledgerwood
1st Edition
0821343068, 978-0821343067
