Chapter 13: Financial Futures Market Problems: Profit from T-Bill Futures: Toland Company sold Treasury bill futures contracts when the quoted price was 94-00. When this position was closed out, the quoted price was 93-20. 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: Rude Dynamics Inc. sold Treasury bill futures contracts when the quoted price was 93-26. When this position was closed out, the quoted price was 93-90. Determine the profit or loss per contract, ignoring transaction costs. Answer: Selling price = Purchase price = Profit =