A hedger takes a short position in five t-bill futures
A hedger takes a short position in five T-bill futures contracts at the price of 98 5/32. Each contract is for $100,000 principal. When the position is closed, the price is 95 12/32. What is the gain or loss on this transaction?
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a hedger takes a short position in five t-bill futures contracts at the price of 98 532 each contract is for 100000
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