When this position was closed out the quoted price was 9475


Profit from T-Bill :

Futures Spratt Company purchased T-bill futures contracts when the quoted price was 93.50. When this position was closed out, the quoted price was 94.75. Determine the profit or loss per contract, ignoring transaction costs.

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Financial Management: When this position was closed out the quoted price was 9475
Reference No:- TGS01624696

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