Page 1 of 1

A company expects to borrow approximately $1million in 3 months. The current rate of interest is 6% p.a. but is forecast

Posted: Wed Apr 06, 2022 9:07 am
by answerhappygod
A company expects to borrow approximately $1million in 3 months.
The current rate of interest is 6% p.a. but is forecast to rise. To
hedge the position , the company wishes to use 3 year Treasury bond
futures contracts trading at 93.500. Calculate the profit or loss
from the position in futures market if in 3 months the contracts
are trading at 95.000