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Chapter 13: Financial Futures Market Problems: Profit from T-Bond Futures: Egan Company purchased a futures contract on Treasury bonds that specified a price of 91-00.

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Chapter 13: Financial Futures Market Problems: Profit from T-Bond Futures: Egan Company purchased a futures contract on Treasury bonds that specified a price of 91-00. When this osition was closed out, the price of the Treasury bond futures contract was 90-10. Determine the profit or loss, ignoring transaction costs. Answer: Selling price = Purchase price Profit = Chapter 13: Financial Futures Market 2 Problems: Profit from T-Bond Futures: R. C. Clark sold a futures contract on Treasury bonds that specified a price of 92-10. When the position was closed out, the price of Treasury bond futures contract was 93-00. Determine the profit or loss, ignoring transaction costs. Answer: Selling price = Purchase price = Profit

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