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A Mortgage Banker Had Made Loan Commitments for $20 Million

Question 65

Multiple Choice

A mortgage banker had made loan commitments for $20 million in 3 months. How many contracts on Treasury bonds futures must the banker write or buy?


A) Go short 20.
B) Go short 200.
C) Go long 20.
D) Go long 200.
E) None of these.

Correct Answer:

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