Exhibit 21 $$\begin{array}{l}\begin{array} { c c } &\text { T-Bill } & \text { Eurodollar } \\\hline \text { September }& 93.25 & 92.35\end{array}\end{array}$$

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 $$\begin{array}{l}\begin{array} { c c } &\text { T-Bill } & \text { Eurodollar } \\\hline \text { September }& 93.25 & 92.35\end{array}\end{array}$$
-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.