Sarah moore has taken a short position in one chicago board, Financial Management

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Sarah moore has taken a short position in one chicago board

Sarah Moore has taken a short position in one Chicago Board of Trade Treasury bond futures contract with a face value of $100,000 at the price of 96-06. The next day, the futures price increases to 96-31. What is Sarah’s net gain/loss for the first day?

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Financial Management: Sarah moore has taken a short position in one chicago board

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Financial Management: Sarah moore has taken a short position in one chicago board

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