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A June Treasury bond futures contract has a quoted price of 82'12.Are current market interest rates higher or lower than the standardized rate on a
A June Treasury bond futures contract has a quoted price of 82'12.Are current market interest rates higher or lower than the standardized rate on a futures contract?
Higher, because the contract is selling at a discount
Higher, because the contract is selling at a premium
Lower, because the contract is selling at a premium
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None of the above
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