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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?
| A. -$11,146 |
| B. -$18,404 |
| C. | $11,146 |
| D. $18,404 |
| E. None of the above |
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