Chapter 13: Financial Futures Market Problems: Profit from T-Bill Futures: Spratt Company purchased Treasury bill futures contracts when the quoted price was 93-50. When this position was closed out, the quoted price was 94-75. Determine the profit or loss per contract, ignoring transaction costs. Answer: Selling price = Purchase price Profit = Chapter 13: Financial Futures Market Problems: Profit from T-Bill Futures: Suerth Investments Inc. purchased Treasury bill futures contracts when the quoted price was 95-00. When this position was closed out, the quoted price was 93-60. Determine the profit or loss per contract, ignoring transaction costs. Answer: Selling price = Purchase price = Profit =