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Question 5 2 points Save Answer What is the gain or loss on the purchase of a $50 million credit forward contract with a modified
Question 5 2 points Save Answer What is the gain or loss on the purchase of a $50 million credit forward contract with a modified duration of eight years if the credit spread between a benchmark Treasury bond and a borrowing firm's debt increases by 75 basis points? . $3,000,000 loss $2,750,000 gain $3,000,000 gain $2,750,000 loss . . OD
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