You Own a 6-Month Futures Contract on U

question 6

Multiple Choice

You own a 6-month futures contract on U.S. Treasury notes. The underlying notes have a duration of 3.87 years. What is the duration of the futures contract?

• A)3.37 years
• B)3.67 years
• C)3.87 years
• D)4.12 years
• E)4.37 years

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Definitions:

Specific Phobia

An intense, irrational fear of or aversion to certain objects, situations, or activities, significantly impacting the individual's normal functioning.

Blood-injection-injury Phobia

An intense fear of seeing blood, receiving injections, or injuries, causing significant anxiety and avoidance behavior.

Situational Phobia

A fear confined to specific situations, such as flying or being in enclosed spaces, that can disrupt daily functioning.

Cleaning Compulsions

Repetitive behaviors or mental acts that an individual feels driven to perform in response to an obsession, often related to an excessive need for cleanliness and order.