International Financial Management
14th Edition
ISBN: 9780357130698
Author: Madura
Publisher: Cengage
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Question
What is the total net gain or loss on this transaction?

Transcribed Image Text:Futures are available on three-month T-bills with a
contract size of $1 million. If you take a long position at
96.22 and later sell the contracts at 96.87, what is the total
net gain or loss on this transaction?
Expert Solution
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