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Question
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
Answer
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Related questions
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