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The June Treasury bond futures contract has a quoted price of 102'12. Are current market interest rates higher or lower than the standardized rate on
"The June Treasury bond futures contract has a quoted price of 102'12. Are current market interest rates higher or lower than the standardized rate on a futures contract?
higher, because the contract is selling at a discount
higher, because the contract is selling at a premium
lower, because the contract is selling at a premium
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None of the above answers is correct
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