Question
The quoted price of a January CBOT Treasury bond futures contract is 96-09. The par value is $1,000, the coupon rate is 6% (semi-annual payment),
The quoted price of a January CBOT Treasury bond futures contract is 96-09. The par value is $1,000, the coupon rate is 6% (semi-annual payment), and the maturity is 20 years. Calculated the implied annual interest rate inherent in this contract.
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee
5th Edition
0910944008, 978-0910944007
