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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 sold

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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 sold at 94-12, what is the gain, ignoring transactions costs? O $1,120,000 $112 O $11,200 $13,750 O $1,375

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