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(a) Keystone inc. bought Treasury bond futures contracts when the quoted price was 97-28. When this position was closed out, the quoted price was 99-20.

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(a) Keystone inc. bought Treasury bond futures contracts when the quoted price was 97-28. When this position was closed out, the quoted price was 99-20. Determine the profit or loss per contract, ignoring transaction costs. (b) Bargain Bank sold stock index futures that specified an index of 2330. When the position was closed out, the index specified by the futures contract was 2120. Determine the profit or loss, ignoring transaction costs. (c) Bridge inc. sold Treasury bond futures contracts when the quoted price was 97-20. When this position was closed out, the quoted price was 98-30. Determine the profit or loss per contract, ignoring transaction costs. (a) Keystone inc. bought Treasury bond futures contracts when the quoted price was 97-28. When this position was closed out, the quoted price was 99-20. Determine the profit or loss per contract, ignoring transaction costs. (b) Bargain Bank sold stock index futures that specified an index of 2330. When the position was closed out, the index specified by the futures contract was 2120. Determine the profit or loss, ignoring transaction costs. (c) Bridge inc. sold Treasury bond futures contracts when the quoted price was 97-20. When this position was closed out, the quoted price was 98-30. Determine the profit or loss per contract, ignoring transaction costs

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