You sold T-bill futures contracts when the quoted price was 92.50. When this position was closed out later, the quoted p

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answerhappygod
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You sold T-bill futures contracts when the quoted price was 92.50. When this position was closed out later, the quoted p

Post by answerhappygod »

You sold T-bill futures contracts when the quoted price was
92.50. When this position was closed out later, the quoted price
was 93.00. Determine the profit or loss per contract ($1,000,000),
ignoring transaction costs. (show your work) (2 points)
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