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What is profit or loss on the contract if premium was birr

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Question 1: If you buy a call option on a Birr 200,000 bond futures contract with an exercise price of 220 and the price of the Treasury bond is 222 at expiration, is the contract in the money, out of the money, or at the money? What is your profit or loss on the contract if the premium was Birr 3000?

Reference no: EM132603238

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