Question
A trader takes a short position in 5 Eurodollar futures contract at the futures price of 98.14. A short time later, the trader closes out
A trader takes a short position in 5 Eurodollar futures contract at the futures price of 98.14. A short time later, the trader closes out the position at a price of 98.27. What is the traders total gain or loss on the trade?
| A | A loss of $325 |
| B | A gain of $325 |
| C | A loss of $1,625 |
| D | A gain of $1,625 |
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Introduction To The Financial Management Of Healthcare Organizations
Authors: Michael Nowicki
7th Edition
156793904X, 9781567939040
