Dragnet inc. sold Treasury bond futures contracts when the quoted price was 96-25. When this position was closed out, the quoted price was 97-16. Determine the profit or loss per contract, ignoring transaction costs.
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Ответ:
$-9,100
Explanation:
Calculation to Determine the profit or loss per contract
As given:
Selling Price =$ 962,500
Purchase Price =$ 971,600
Using this formula
Gain / Loss = Selling Price - Purchase Price
Let plug in the formula
Gain / Loss= $962,500 - $971,600
Gain / Loss = $-9,100
Therefore the loss per contract will be $-9,100
Ответ:
I think num. (A) is right answer.