Question
A.) In April, you sell 3 futures contracts on 30-year Treasury bonds for $100,000 of par value of the bonds each at the futures price
A.) In April, you sell 3 futures contracts on 30-year Treasury bonds for $100,000 of par value of the bonds each at the futures price of 116-187. In June, you close out your position at 118-252. What is your dollar gain or loss, to the nearest cent? (If a loss, precede the value with a negative sign.)
B.) In April, you sell 2 futures contract on 5-year Treasury notes for $100,000 of par value of the notes each at the futures price of 105-2. In June, you close out your position at 107-26. What is your dollar gain or loss, to the nearest cent? (If a loss, precede the value with a negative sign. If you see just one digit after a hyphen, e.g., 110-3, interpret it as 110-03.)
C.) In November, you buy 2 futures contracts on 5-year Treasury notes for $100,000 of par value of the notes each at the futures price of 106-8. In January, you close out your position at 106-24. What is your total dollar gain or loss, to the nearest cent? (If a loss, precede the value with a negative sign. If you see just one digit after a hyphen, e.g., 110-3, interpret it as 110-03.
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