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Question - On 4 March 2020, the quoted price of the June 2020 10-year bond futures contract was 98.2850. Manuela Grossman believed that interest rates would decrease over the next month and she entered into seven 10-year bond futures contracts in a position consistent with that view. On 11 March 2020, she closed out her position at a quoted price of 98.3425. Ignoring transaction costs, how much has Manuela made (or lost)?
a) $642.33.
b) -$4496.29.
c) $4496.29.
d) -$642.33.
e) None of the above answers is correct.
Determine the amount to be paid in full settlement of each of the following invoices, assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period.
What are some examples of basic entries to record transactions used in your organization? In your response, you are not required to journalize these entries.
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