If annual interest rates go down by 15 percentage point, Financial Management

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If annual interest rates go down by 15 percentage point

Question

The quoted price for a September T- bond futures contract has a quoted price of 110'6. If annual interest rates go down by 1.5 percentage point, what is the gain or loss on the futures contract?

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Financial Management: If annual interest rates go down by 15 percentage point

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