Calculate the profit on the futures contract

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Problem 1: At the beginning of the quarter, you purchased a $400,000 treasury bond futures contract for 106.75. Calculate the profit on the futures contract if the price at the end of the quarter is 108.25.

Problem 2: What is the quoted yield of a $10,000 face value T-bill with a market price of $8,000 with 20 days to maturity?

Problem 3: What is the bid price of a $10,000 face value T-bill with a bid rate of 3.5% if there is 90 days to maturity?

Reference no: EM132902512

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