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A trader buys 1 bank bill futures contract at 98.97. How much underlying exposure have they purchased? The same trader sells the bank bill futures

A trader buys 1 bank bill futures contract at 98.97. How much underlying exposure have they purchased?
The same trader sells the bank bill futures contract 10 days later at 99.16. What was their profit?

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Fundamentals of Futures and Options Markets

Authors: John C. Hull

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