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Assume that a futures contract on Treasury bonds with a face value of $100,000 is purchased at 93 00. If the same contract is later

Assume that a futures contract on Treasury bonds with a face value of $100,000 is purchased at 93 00. If the same contract is later sold at 94 18, what is the gain, ignoring transactions costs? A) $1,180,000 B) $118 C) $11,800 D) $1,562.50

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