Suppose the December CBOT

Suppose the December CBOT

Suppose the December CBOT Treasury bond futures contract has a quoted price of 90-18 . If annual interest rates go up by 1.00 percentage point, what is the gain or loss on the futures contract? (Assume a $1,000 par value, and round to the nearest whole dollar.) 1. -$172.00 2. -$92.00 3. -$78.00 4. -$93.00 5. -$86.00

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