Conyers Bank Holds U

question 98

Multiple Choice

Conyers Bank holds U.S.Treasury bonds with a book value of $30 million.However, the U.S.Treasury bonds currently are worth $28,387,500. If Treasury bond futures prices are currently 89-00/32^nds, what is the value of the Treasury bond futures hedge position?

• A)$30,000,000.
• B)$28,387,500.
• C)$26,700,000.
• D)$89,000,000.
• E)$890,000.

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