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:

Androcentrism

A perspective or practice that places male human beings or masculinity at the center of one's worldview, implicitly regarding them as the norm.

Womanism

A social theory focusing on the experiences and struggles of women, especially women of color, emphasizing ethnicity, gender equality, and social justice.

Pro-feminism

An attitude or movement that supports feminism and its efforts to address and fight gender inequalities, often adopted by individuals regardless of gender.

Ethnic Minorities

Groups within a larger society that have distinct cultural, linguistic, or racial characteristics different from the majority population.