A Price of a Futures Contract for U

question 42

Multiple Choice

A price of a futures contract for U.S. Treasury bonds listed as "111-15" is measured in:

• A) 32nds.
• B) 12ths.
• C) 4ths.
• D) dollars; it stands for $111.15 but a dash is used instead of a period.

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Definitions:

Unit Selling Price

The cost at which customers can purchase an individual unit of an item.

Enterprise Product

A product or service designed for large organizations, emphasizing robustness, scalability, and integration capabilities.

Variable Cost

Costs that change in proportion to the level of activity or volume produced, such as materials and labor costs.

Enterprise Product

A product designed specifically for organizational use to cater to the complexity and scale of enterprise requirements.