Question
A trader sells 75 bank bill futures at 99.88, buys 30 at 99.82, buys 30 at 99.78, buys 30 at 99.72, shorts 50 at 99.68,
A trader sells 75 bank bill futures at 99.88, buys 30 at 99.82, buys 30 at 99.78, buys 30 at 99.72, shorts 50 at 99.68, buys 20 at 99.74, buys 60 at 99.72 and the market closes at 99.70. How much profit did she make?
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Intermediate Accounting
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
11th edition
978-0538467087, 9781111781262, 538467088, 1111781265, 978-0324659139
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