Exhibit 20.2 Use the Information Below for the Following Problem(S)

question 66

Multiple Choice

Exhibit 20.2
Use the Information Below for the Following Problem(S)
A futures contract on Treasury bond futures with a December expiration date currently trade at 103:06. The face value of a Treasury bond futures contract is $100,000. Your broker requires an initial margin of 10%.
-Refer to Exhibit 20.2.If the futures contract is quoted at 105:08 at expiration calculate the percentage return.

• A) 1.99%
• B) 19.99%
• C) 20.62%
• D) 25.37%
• E) -13.65%

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Definitions:

Queer Theory

An area of critical theory that emerged in the early 1990s, exploring the contestation of the categorization of gender and sexuality, questioning the normativity of heterosexuality.

Gender-Neutral

Pertaining to concepts, language, or designs that do not distinguish roles according to people's sex or gender, aiming for inclusivity and equality.

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Power Orientation

A personality trait or behavior that reflects an individual's focus on gaining and exercising power and dominance over others.