What was profit or loss from contract-transaction costs

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Reference no: EM131073308

Boyd Company purchased a futures contract on Treasury bonds that specified a price of 91-17. When the position was closed out, the price of the Treasury bond futures contract was 92-23.

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

B. What was Boyd’s profit or loss from this contract (ignoring transaction costs)?

Reference no: EM131073308

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