0-year Canada Treasury bonds $100K, pts of 100%, 1 pt = $10

$\begin{array}{|r|r|l|r|r|r|r|r|r|}
\hline \text { sea hi } & \text { sea lo } & \text { mth } & \text { Open } & \text { high } & \text { low } & \text { settle } & \text { chg } & \text { op int } \
\hline 113.78 & 110.05 & \text { Mar } 05 & 112.80 & 113.22 & 112.78 & 112.95 & +0.05 & 139272 \
\hline 112.44 & 111.94 & \text { Jun } 05 & 112.10 & 112.44 & 112.00 & 112.16 & +0.05 & 46212\
\hline
\end{array}$
-You purchased four June Canada bond futures contracts at the season low of the contract and covered your position at the opening price of the day. What was your dollar profit?

Question

0-year Canada Treasury bonds $100K, pts of 100%, 1 pt = $10

$\begin{array}{|r|r|l|r|r|r|r|r|r|}
\hline \text { sea hi } & \text { sea lo } & \text { mth } & \text { Open } & \text { high } & \text { low } & \text { settle } & \text { chg } & \text { op int } \
\hline 113.78 & 110.05 & \text { Mar } 05 & 112.80 & 113.22 & 112.78 & 112.95 & +0.05 & 139272 \
\hline 112.44 & 111.94 & \text { Jun } 05 & 112.10 & 112.44 & 112.00 & 112.16 & +0.05 & 46212\
\hline 
\end{array}$
-You purchased four June Canada bond futures contracts at the season low of the contract and covered your position at the opening price of the day. What was your dollar profit?

Quizplus · Accepted Answer

The profit is calculated based on the difference between the buying price (season low) and the selling price (opening price) for the June contract. The season low is 111.94, and the opening price is 112.10. The difference is 0.16 points. Since 1 point = $10, the profit per contract is 0.16 * $10 = $1.60. For four contracts, the total profit is $1.60 * 4 * 1000 = $640.

0-Year Canada Treasury Bonds $100K, Pts of 100%, 1 Pt