Question $6$

$1$ pts

A $90-$day BAB futures contract has a face value of $$1$ million. If the current yield is $4\mathrm{.}34\%$ p$.$a$.,$ then the value of one tick is approximately:

$$989,436\mathrm{.}08$

$$24\mathrm{.}14$

$$95\mathrm{.}66$

$$987,004\mathrm{.}00$