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A trader shorts fifteen 90-day bank bill futures contracts at 99.36 and buys 8 of them back later that day at 99.12 and three days
A trader shorts fifteen 90-day bank bill futures contracts at 99.36 and buys 8 of them back later that day at 99.12 and three days later buys back the remaining open position at 99.22. How much profit did the trader make?
a. $7,124.55
b. -$7,124.55
c. $4,400,000
d. $43,916.98
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