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I am currently confused about these questions. please help me to figure out these questions. thanks Boyd Company sold a futures contract (one) on Treasury

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I am currently confused about these questions. please help me to figure out these questions. thanks

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Boyd Company sold a futures contract (one) on Treasury bonds that specied a price of 98-19. When the position was closed out, the price of the Treasury bond futures contract was 100-09. A. Did interest rates increase or decrease? How do you know? B. What was Boyd's prot or loss from this contract (ignoring transaction costs)

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