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Calculate the value of a six-month futures contract on a Treasury bond. You have the following information: (Do not round intermediate calculations. Round your answer
Calculate the value of a six-month futures contract on a Treasury bond. You have the following information: (Do not round intermediate calculations. Round your answer to 3 decimal places.) 0 . Six-month interest rate: 9% per year, or 4.40% for six months. Spot price of bond: 93.00. The bond pays a 7% coupon, 3.50% every six months. X Answer is complete but not entirely correct. Contract value $ 93.592 x
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