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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?
Homogeneity
The quality or state of being all the same or all of the same kind, often used to describe populations, materials, or mixtures with uniform composition.
Social Networking Sites
Platforms on the Internet where individuals can create profiles, share information, and socialize with others.
Privilege
A set of unearned benefits or advantages accorded to individuals or groups based on certain aspects of their identity, such as race, gender, or socioeconomic status.
Prestigious Private School
An educational institution that is privately funded, highly regarded for its academic excellence, and often exclusive in its admissions.
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