If T-Bond Futures Prices Decrease to 81-27/32^nds, What Is the Value

question 97

Multiple Choice

If T-bond futures prices decrease to 81-27/32^nds, what is the value of the futures hedge position?

• A)$81,270,000.
• B)$24,553,125.
• C)$26,700,000.
• D)$812,700.
• E)$28,387,500.