-You Sold 15 of the December Treasury Bond Futures at Lifetime

question 30

Multiple Choice

$\begin{array}{|l|r|r|r|r|r|rr|r} \hline & & & & & & {\quad\quad\text { Lifetime }} && \text { Open } \\\hline & \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } & \text { High } & \text { Low } & \text { Int } \\\hline \text { Dee } & 107.97 & 108.97 & 107.88 & 108.72 & 0.72 & 121.56 & 102.44 & 432,512 \\\hline \text { Mar } & 106.91 & 107.50 & 106.47 & 107.31 & 0.81 & 116.72 & 101.16 & 19,531 \\\hline\end{array}$

-You sold 15 of the December Treasury bond futures at the opening price on this day and closed your position at the closing price. What was the profit on this transaction?

• A) $9,875
• B) - $11,250
• C) $13,140
• D) - $9,875
• E) $11,250