Question
On 21st March Phil bought three ASX 90 day bank bill (June) contracts when the price was 94.55 and closed out his position two weeks
On 21st March Phil bought three ASX 90 day bank bill (June) contracts when the price was 94.55 and closed out his position two weeks later by selling when the price was 93.55. How much was Phil's profit or loss on this transaction?
| A. | $3 loss. | |
| B. | $2,395 loss. | |
| C. | $2,395 profit. | |
| D. | $7,185 loss. | |
| E. | $7,185 profit. |
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Introductory Econometrics For Finance
Authors: Chris Brooks
4th Edition
110843682X, 9781108436823
