Multiple Choice
Suppose the December CBOT Treasury bond futures contract has a quoted price of 80'07.If annual interest rates go up by 1.00 percentage point,what is the gain or loss on the futures contract? (Assume a $1,000 par value,and round to the nearest whole dollar.)
A) -$78.00
B) -$82.00
C) -$86.00
D) -$90.00
E) -$95.00
Correct Answer:
Verified
Correct Answer:
Verified
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