Exhibit 20.2 Use the Information Below for the Following Problem(S)

question 39

Multiple Choice

Exhibit 20.2
Use the Information Below for the Following Problem(S)
A futures contract on Treasury bond futures with a December expiration date currently trade at 103:06. The face value of a Treasury bond futures contract is $100,000. Your broker requires an initial margin of 10%.
-Refer to Exhibit 20.2.Calculate the current value of one contract.

• A) $100,000
• B) $103,600.5
• C) $103,187.5
• D) $102,306.3
• E) $104,293.5

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Definitions:

Unreasonably Dangerous

Describes a product or condition that poses a significant risk of injury to individuals under normal use or foreseeable misuse.

Unreasonably Dangerous

A term referring to products or situations that pose a significant risk of injury to users or bystanders beyond what would be considered typical or expected.

Ordinary Consumer

Refers to an average or typical consumer in the marketplace, often considered in legal contexts to assess product labeling and advertising.

Economically Feasible

Describes a project or action that is financially viable, with costs that do not exceed the anticipated benefits or returns.