Suppose a Hypothetical CBOT 12-Year U

question 32

Multiple Choice

Suppose a hypothetical CBOT 12-year U.S. ,semiannual payment,7% coupon Treasury note futures contract has a quoted price of 103-180.If the note has a $1,000 par value,what is the implied annual interest rate inherent in the futures contract? Do not round your intermediate calculations.
?

• A) 6.43%
• B) 5.25%
• C) 5.12%
• D) 6.56%
• E) 7.15%

---

Definitions:

PQRST

A mnemonic used in nursing and medicine to assess pain: Provokes, Quality, Radiates, Severity, Time.

Chest Pain

A symptom that can be a result of various conditions, both cardiac and non-cardiac related, requiring prompt assessment to determine its cause.

Provokes

Triggers or causes a particular reaction, symptom, or condition, often used in medical assessments to identify factors that exacerbate a patient's issue.

PQRST

A mnemonic used in medical practice to assess pain; it stands for Provocation/Palliation, Quality/Quantity, Region/Radiation, Severity Scale, and Timing.