Suppose a CBOT 10-Year U

question 20

Multiple Choice

Suppose a CBOT 10-year U.S.Treasury note futures contract has a quoted price of 88-30.If annual interest rates go down by 1.00 percentage point,what is the gain or loss on the futures contract? (Assume a $1,000 par value,round the new interest rate to 4 decimal places when written as a decimal,and round the change in price up to the nearest whole dollar.)

• A)$63.00
• B)$65.00
• C)$67.00
• D)$69.00
• E)$71.00

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Definitions:

Autism Spectrum Disorder

A developmental disorder characterized by difficulties with social interaction and communication, and by restricted or repetitive patterns of thought and behavior.

Repetitive Patterns

Recurring sequences or configurations in data, behavior, processes, or structures.

Echolalia

Communication abnormality in which an individual simply repeats back what he or she hears rather than generating his or her own speech.

Intonating Pitch

The modulation or variation of pitch in speech to convey meaning or express emotion.