Exhibit 21 $$\begin{array} { c c c } & \text { T-Eill } & \text { Eurqdollar } \\\text { September } & 93.25 & 92.35\end{array}$$

question 76

Multiple Choice

Exhibit 21.6
Use the Information Below for the Following Problem(S)
Assume that you observe the following prices in the T-Bill and Eurodollar futures markets
$$\begin{array} { c c c } & \text { T-Eill } & \text { Eurqdollar } \\\text { September } & 93.25 & 92.35\end{array}$$
-Refer to Exhibit 21.6.Assume that a month later the price of the September T-Bill future is 93 and the price of the Eurodollar future is 90.25.Calculate the profit on the T-Bill futures position.

• A) 25 basis points.
• B) 110 basis points.
• C) -25 basis points.
• D) -110 basis points.
• E) 50 basis points.

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