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The December CBOT Treasury bond futures contract has quoted price of 105'09. What is the implied annual interest rate inherent in this futures contract? a.

The December CBOT Treasury bond futures contract has quoted price of 105'09. What is the implied annual interest rate inherent in this futures contract?

a. 5.58%

b. 11.36%

c. 5.35%

d. 6.00%

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