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Hello John
Why is it that in this question the gain/loss on futures is calculated as [(9,616 – 9,602) ×
€25 × 37]?In your lectures, you’ve mentioned the need to divide the difference in interest rates by 400, however, when I try doing the same here, I don’t get the figure given in the answer key.
Oh, nevermind, I got the answer! I do think using ticks is quite cumbersome. Is it necessary to use ticks in the exam?
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