Question
On 25 February 2020 a bond portfolio manager sells 150 June 2020 three-year treasury bond futures contracts at a quoted price of 99.50. On 20
On 25 February 2020 a bond portfolio manager sells 150 June 2020 three-year treasury bond futures contracts at a quoted price of 99.50. On 20 March she buys 150 June 2020 three-year treasury bond futures contracts at a quoted price of 99.70.
What profit (or loss) has she made in the three-year bond futures contract?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
13th International Edition
1265533199, 978-1265533199
