What will be the nominal gain or loss from the decision

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Problem 1: John purchased a T-bill futures contract at a (-)% discount [Use the last digit of your ID to get the value of (-)%, but if the last digit of your ID is "0" then consider it as "5"]. After one month at the settlement date, the current market value of that T-bill has stood at a 3.2% discount. T-bill futures stand $1 million of par value. John forecasted that the price of the T-bill will experience further discount. So he decided to sell them. What will be the nominal gain or loss from this decision of John about selling the T-bills using the T-bill futures contract?

Reference no: EM132905596

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