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

question 38

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 initial margin deposit.

• A) $10,000
• B) $10,360.50
• C) $10,318.75
• D) $10,230.63
• E) $10,429.35

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Definitions:

Listening

The active process of receiving and understanding messages communicated by others through sounds or gestures.

Communication Technology

Tools and systems used for the transmission, reception, and processing of data and information, enabling faster and more efficient communication.

Workforce

The group of employed individuals or the labor pool in any given organization or economic sector.

Frontline Employee

Workers who directly interact with customers, providing service or support and representing the company's front line in the marketplace.