Suppose a CBOT 10-Year U

question 30

Multiple Choice

Suppose a CBOT 10-year U.S.Treasury note futures contract has a quoted price of 103-18.What is the implied annual interest rate inherent in the futures contract?

• A)4.74%
• B)4.99%
• C)5.25%
• D)5.53%
• E)5.81%

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