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:

Range of Reaction

The concept that an individual's genetic makeup establishes a range for potential phenotypic outcomes, which can be influenced by the environment.

Behavior Genetics

The field of study that examines how genes and environment combine to influence the diversity of human traits, abilities, and behaviors.

Canalization

A genetic term referring to the tendency of an organism to develop in a predetermined way, despite variations in environment or genetics.

Gene-environment Correlation

This concept describes how genetic factors influence an individual's exposure to certain environments.