25, The spot price for gold is $1,550 per ounce. The risk-free interest rate is 3.5%. The futures price for gold for a 6-month contract on gold should beper ounce. A. $1,524.99; B. $1,557.89 C. $1,569.08; D. $1,577.89; E. $1,582.10 26. On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75. The contract's face value is $100,000. The initial margin requirement is $2,700, and the maintenance margin requirement is $2,000 per contract. Use the following price data to answer the following questions Settle Day Monday 597,406.25- Tuesday $98,000.00 Wednesday $100.000.00 The cumulative rate of return on your investment after Wednesday is a- A. 79.9% loss; B. 42.6% loss; C. 3.3% gain; D. 23.9% gain; E. 38.6% gain 27. From the perspective of determining profit and loss, the long futures position most closely resembles a levered investment in a A. long call: B. short call; C. short stock position; D. long stock position; E. long stock position plus a swap. 28. A corporation will be issuing bonds in 6 months, and the Treasurer is concerned about unfavorable interest rate moves during those 6 months. The best way for her to hedge the risk is to buy stock-index futures; D. sell stock-index futures A. buy T-bond futures; B.sell T-bond futures; C 29. A bank has made long-term fixed-rate mortgages and has financed them with short