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How much profit or loss would a trader make if they went long 25 10-year bond futures contracts at 98.81 and closed them out 27

  1. How much profit or loss would a trader make if they went long 25 10-year bond futures contracts at 98.81 and closed them out 27 days later at 98.765?

a.Loss of $13,153.49

b.Gain of $13,154.50

c.Loss of $13,154.50

d.Gain of $13,153.49

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