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Suppose the September CBOT Treasury Bond Futures Contract Has a Quoted

Question 7

Multiple Choice

Suppose the September CBOT Treasury bond futures contract has a quoted price of 89'09.What is the implied annual interest rate inherent in this futures contract?


A) 6.32%
B) 6.65%
C) 7.00%
D) 7.35%
E) 7.72%

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