Exhibit 21 $$\begin{array}{l}\begin{array} { c c } &\text { T-Bill } & \text { Eurodollar } \\\hline \text { September }& 95.24 & 94.6\end{array}\end{array}$$

question 27

Multiple Choice

Exhibit 21.7
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Assume that you observe the following prices in the T-Bill and Eurodollar futures markets $$\begin{array}{l}\begin{array} { c c } &\text { T-Bill } & \text { Eurodollar } \\\hline \text { September }& 95.24 & 94.6\end{array}\end{array}$$
-Refer to Exhibit 21.7. Assume that a month later the price of the September T-Bill future is 96.25 and the price of the Eurodollar future is 95.9. Calculate the profit on the T-Bill futures position.

• A)101 basis points.
• B)130 basis points.
• C)-1 basis points.
• D)-130 basis points.
• E)29 basis points.

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Definitions:

Behavioral Contrast

A phenomenon observed in operant conditioning where a change in the reinforcement conditions for one behavior alters the rate of another behavior.

Excitatory Generalization Gradients

Graphs showing the level of generalization from an excitatory conditioned stimulus (CS1) to other stimuli.

Conditioning Stimulus

A previously neutral stimulus that, after association with an unconditioned stimulus, comes to trigger a conditioned response.

Learning Stimulus

Any stimulus that influences or changes learning behavior; often involved in associative learning processes where it becomes linked with a specific response or behavior.