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An investor who sells a Treasury bond futures contract is expecting to profit from a . an increase in the underlying level of interest rates.
An investor who sells a Treasury bond futures contract is expecting to profit from
a an increase in the underlying level of interest rates.
b an increase in the price of the treasury bond.
c interest rates remaining unchanged.
d a decrease in the underlying level of interest rates.
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Financial Management
Authors: Geoffrey Knott
4th Edition
1403903824, 9781403903822
