QUESTION 23 IRU9 is the 90-day Bank Bill Futures maturing in mid-September 2019. The table below, which shows the market observed quoted prices of IRU9 for several days in July 2019, is relevant to answer questions (23) to (25). Date Quoted price 15/07/2019 98.88 12/07/2019 98.88 11/07/2019 98.89 10/07/2019 98.88 09/07/2019 98.89 Q 08/07/2019 98.89 05/07/2019 98.91 04/07/2019 98.92 03/07/2019 98.93 Source: Bloomberg Sammy took a long position in the IRU9 on 3 July 2019 and closed it on 15 July 2019 as planned. What was his realized gain/loss from closing out the IRUS? O A loss of roughly $123 A gain of roughly $16 A gain of roughly $500 A loss of roughly $500 O Again of roughly $123