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QUESTION
A trader buys (takes a long position in) a Eurodollar futures contract ($1 million face value) at 98.14 and closes it out at a price of 98.27.On this...
A trader buys (takes a long position in) a Eurodollar futures contract ($1 million face value) at 98.14 and closes it out at a price of 98.27.On this contract how much trader gained or lost?
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