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You purchased a Treasury-bond futures contract yesterday with an initial margin requirement of 15.00%. You purchased the contract for $115,220 yesterday which has a
You purchased a Treasury-bond futures contract yesterday with an initial margin requirement of 15.00%. You purchased the contract for $115,220 yesterday which has a face value of $100,000. Today the futures price falls to $109,000. How much (in $) profit or loss did you make on your Futures position? Enter your answer in the following format: + or - 1234.56 Hint: The answer is between -5,535.80 and -6,717.60
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