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Suppose you were short in a September T-bond futures contract at 93-16. What would your profit or loss be at the September expiration if the
Suppose you were short in a September T-bond futures contract at 93-16. What would your profit or loss be at the September expiration if the cheapest deliverable bond you could purchase in the market were a 15-year, 7 percent T-bond trading at 115 (clean price) that had accrued interest of $2?
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