The Current Price of June $100,000 T-Bonds Trading on the Chicago

question 8

Multiple Choice

The current price of June $100,000 T-Bonds trading on the Chicago Board of Trade is 109-24.What is the price to be paid if the contract is delivered in June?

• A)$107,240.
• B)$109,240.
• C)$109,750.
• D)$110,250.
• E)$115,760.

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Definitions:

Initial Investment

The amount of money used to start an investment, often the starting capital for a business or financial venture.

Gain on Sale

The financial profit realized when an asset is sold for more than its original purchase price or book value.

Jointly Controlled Operation

A business activity where two or more parties share control and decision-making responsibilities.