Question
Egan Company purchased one futures contract on a Treasury bond ($100,000 face value) that specified a price of 91 -00. When this position was closed
Egan Company purchased one futures contract on a Treasury bond ($100,000 face value) that specified a price of 91 -00. When this position was closed out, the price of the Treasury bond futures contract was 90 -10. Determine the dollar amount of profit or loss, ignoring transaction costs.
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Real Estate Finance and Investments
Authors: William Brueggeman, Jeffrey Fisher
14th edition
73377333, 73377339, 978-0073377339
