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An investor purchases one September T-bond futures contract (par value $1,000) at 113-250. The settlement price for the contract on next day is 114-150. What
An investor purchases one September T-bond futures contract (par value $1,000) at 113-250. The settlement price for the contract on next day is 114-150. What is the marked-to-market gain/loss for the investor? [Alert: watch its sign + or -]
Please show your work and write answer with two decimal points.
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