What is the nominal profit from this futures transaction

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Reference no: EM131578492

A speculator purchased a futures contract on T-bonds at a price of 90–12. Two months later, the speculator sells the same futures contract in order to close out the position. At that time, the futures contract specifies 93–14 of the par value as the price. What is the nominal profit from this futures transaction?

Reference no: EM131578492

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