Give typing answer with explanation and conclusion  On January 1, the listed spot and futures prices of a Treasury bond were 93.8 and 93.13. You purchased $100,000 par value Treasury bonds and sold one Treasury bond futures contract, also $100,000 face value. One month later, the listed spot price and futures prices were 94 and 94.09, respectively. Determine the change in the value of your combined position.

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Give typing answer with explanation and conclusion 

On January 1, the listed spot and futures prices of a Treasury bond were 93.8 and 93.13. You purchased $100,000 par value Treasury bonds and sold one Treasury bond futures contract, also $100,000 face value. One month later, the listed spot price and futures prices were 94 and 94.09, respectively. Determine the change in the value of your combined position.

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