Suppose a Hypothetical CBOT 7-Year U

question 4

Multiple Choice

Suppose a hypothetical CBOT 7-year U.S. ,semiannual payment,6% coupon Treasury note futures contract has a quoted price of 88-300.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. ) Do not round other intermediate calculations.
?

• A) $38
• B) $55
• C) $51
• D) $56
• E) $45

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Definitions:

Munchausen Syndrome

is a psychiatric disorder where an individual deliberately produces or fabricates symptoms of illness in themselves for attention or sympathy.

Somatic Symptom Disorder

A psychological disorder characterized by an excessive focus on physical symptoms that cause significant distress or impairment.

Briquet's Syndrome

An outdated term for Somatization Disorder, a type of mental disorder characterized by multiple, recurring, and seemingly random physical symptoms not caused by any identifiable medical condition.

Nineteenth Century

A period from January 1, 1801, to December 31, 1900, characterized by significant industrial, cultural, and political changes worldwide.