Question
Assume you sold 5,000 Eurodollar futures (EDU1) at a price of 99.97 to establish a short position. You later covered you position at a price
Assume you sold 5,000 Eurodollar futures (EDU1) at a price of 99.97 to establish a short position.
You later covered you position at a price of 98.13.
Your profit and loss on the is transaction is closest to:
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International Financial Management
Authors: Cheol Eun, Bruce Resnick
5thEdition
0073382345, 9780073382340
