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On Monday morning you sell one June T-bond futures contract for $97,843.75. The price of this futures contract for the rest of the week is
On Monday morning you sell one June T-bond futures contract for $97,843.75. The price of this futures contract for the rest of the week is as follows:
Day Settle
Monday $97,406.25
Tuesday $98,000.00
Wednesday $99,800.00
Thursday $98,500.00
Friday $98,200.00
What is the gain (or loss) that the futures exchange will credit (or deduct from) the account on Wednesday?
A. -$1,956.25
B. -$1,800
C. $1,800
D. $1,956.25
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