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The quoted price for a September T- bond futures contract has a quoted price of 110'6. If annual interest rates go down by 1.5 percentage
| The quoted price for a September T- bond futures contract has a quoted price of 110'6. If annual interest rates go down by 1.5 percentage point, what is the gain or loss on the futures contract? |
| -$11,146 |
| -$18,404 |
| $11,146 |
| $18,404 |
| None of the above |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
