Assume That a Futures Contract on Treasury Bonds with a Face

question 24

Multiple Choice

Assume that a futures contract on Treasury bonds with a face value of $100,000 is purchased at 93-00. If the same contract is later sold at 94-18, what is the gain, ignoring transaction costs?

• A)$1,180,000
• B)$118
• C)$11,800
• D)$15,625
• E)$1,562.50

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Definitions:

Demand For Jury Trial

A litigation process in which the defendant or plaintiff requests that a jury, rather than a judge, determine the outcome of a case.

Jurisdictional Allegations

Claims made in a legal complaint specifying why the court has the authority to hear the case based on the geographical location and the subject matter.

Document Caption

The heading or title at the beginning of a legal document that identifies the parties, the court, and the case number.

Name Of The Court

The official title or designation of a judiciary body, reflecting its jurisdiction and level within the legal system.