When the position was closed out the price of the treasury, Financial Management

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When the position was closed out the price of the treasury

Profit from T-Bond :

Futures Egan Company purchased a futures contract on Treasury bonds that specified a price of 91-00. When the position was closed out, the price of the Treasury bond futures contract was 90-10. Determine the profit or loss, ignoring transaction costs.

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Financial Management: When the position was closed out the price of the treasury

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Financial Management: When the position was closed out the price of the treasury

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