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Consider the following listing for 10-year Treasury note futures on the Chicago Board of Trade. One futures contract for Treasury notesequals=$100,000 face value of 10-year

Consider the following listing for 10-year Treasury note futures on the Chicago Board of Trade. One futures contract for Treasury

notesequals=$100,000

face value of 10-year 6% notes.

Month

Last

Chg

Open

High

Low

Volume

OpenInt

Dec '12

108'18.5

0'03.5

108'13.0

108'21.0

108'06.5

564,322

2,380,328

Mar '13

108'07.0

0'05.5

108'00.0

108'05.0

107'26.0

4,325

118,728

Jun '13

107'27.0

0'05.5

107'27.0

107'27.0

107'21.5

2

19

Sep '13

107'21.5

0'05.5

107'21.5

107'21.5

107'21.5

0

0

Dec '13

107'21.5

0'05.5

107'21.5

107'21.5

107'21.5

0

0

If on this day you bought two contracts expiring in December 2012, you would have paid

$nothing.

(Round your response to the nearest whole number.)

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