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Exercise 3 : Tick Value ( aka Point value ) A trader buys one bank bill futures contract at 9 9 . 1 4 and

Exercise 3: Tick Value (aka Point value)
A trader buys one bank bill futures contract at 99.14 and sells it at 99.15. How much was their profit?
Exercise 4: Variable Tick Value
A trader buys one bank bill futures contract at 92.14 and sells it at 92.15. How much was their profit?

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