Question
The September CBOT Treasury bond futures contract has a quoted price of 90'12. If annual interest rates go up by 1.25 percentage point, what is
The September CBOT Treasury bond futures contract has a quoted price of 90'12. If annual interest rates go up by 1.25 percentage point, what is the gain or loss on the futures contract? (Use a $1,000 par value, and round to the nearest whole dollar.)
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Introduction to Finance Markets Investments and Financial Management
Authors: Melicher Ronald, Norton Edgar
15th edition
9781118800720, 1118492676, 1118800729, 978-1118492673
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