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You purchased a Treasury - bond futures contract yesterday with an initial margin requirement of 1 5 . 0 0 % . You purchased the
You purchased a Treasurybond futures contract yesterday with an initial margin requirement of
You purchased the contract for $ yesterday which has a face value of $
Today the futures price falls to $
How much in $ profit or loss did you make on your Futures position?
Enter your answer in the following format: or
Hint: The answer is between and
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