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Question
A speculator sells one 10-year T-note futures contract for $100,000 of face value of T- notes at 98-14. Three month later, the contract expires at 101-10.5. How much did the speculator gain (lose)?
a. $2,965
b. ($2,965)
c. $2,891
d. ($2,891)
e. $328
Answer
This answer is hidden. It contains 3 characters.
Related questions
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