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You hedged your bank s exposure to declining interest rates by buying one June Trea - sury bond futures contract at the opening price on
You hedged your banks exposure to declining interest rates by buying one June Trea sury bond futures contract at the opening price on April as presented in Exhibit It is now Tuesday, June and you discover that on Monday, June June Tbond futures opened at and settled at
A What is the profit or loss on your long position as of settlement on June
B If you deposited the required initial margin on April and have not touched theequity account since making that cash deposit, what is your equity account balance?
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