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It is July. Suppose you purchase five September T-bond contracts at a settle price of 135'22. How much will you pay today? Suppose in one

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It is July. Suppose you purchase five September T-bond contracts at a settle price of 135'22. How much will you pay today? Suppose in one month you close your position and the September futures price at that time is 130'21. Did you make or lose money? How much

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