Did interest rates increase or decrease

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Reference no: EM131956133

An investor named Lohan sold one T-Bond futures contract when the quoted price was 93-25. When the position was closed out, the price of the T-Bond futures contract was 94-12.

Did interest rates increase or decrease? How do you know?

What was Lohan's profit or loss from this contract (ignoring transaction costs)?

Reference no: EM131956133

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