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Suppose the September CBOT Treasury bond futures contract has a quoted price of 102-12. What is the implied annual interest rate inherent in this futures

Suppose the September CBOT Treasury bond futures contract has a quoted price of 102-12. What is the implied annual interest rate inherent in this futures contract? PLEASE SHOW WORK!!! 1. 6.0% 2. 6.3% 3. 5.0% 4. 2.9% 5. 5.8%

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