A Speculator Sells One 10-Year T-Note Futures Contract for $100,000

question 73

Multiple Choice

A speculator sells one 10-year T-note futures contract for $100,000 of face value of T- notes at 98'14. Three month later, the contract expires at 101'10.5. How much did the speculator gain (lose) ?

• A) $2,965
• B) ($2,965)
• C) $2,891
• D) ($2,891)
• E) $328

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Definitions:

Wartime Famine

A severe shortage of food during a period of armed conflict, leading to widespread hunger and malnutrition.

Nutritional Deprivation

A condition that occurs when the body does not get the necessary amount of nutrients from food, leading to various health problems.

Leningrad

The former name of Saint Petersburg, a city in Russia, during the Soviet era from 1924 to 1991.