Suppose a CBOT 10-Year U

question 20

Multiple Choice

Suppose a CBOT 10-year U.S.Treasury note futures contract has a quoted price of 88-30.If annual interest rates go down by 1.00 percentage point,what is the gain or loss on the futures contract? (Assume a $1,000 par value,round the new interest rate to 4 decimal places when written as a decimal,and round the change in price up to the nearest whole dollar.)

• A)$63.00
• B)$65.00
• C)$67.00
• D)$69.00
• E)$71.00

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Definitions:

Dermal Tissues

Plant tissues that make up the outer layer of a plant, providing protection and aiding in gas exchange.

Vascular Tissues

The complex tissues in plants responsible for conducting water, nutrients, and food throughout the organism, consisting mainly of xylem and phloem.

Mitochondrial Shape

Describes the form and structural appearance of mitochondria, cellular organelles crucial for energy production, which can vary depending on the cell's metabolic needs.

Enzymatic Activity

The process by which enzymes catalyze chemical reactions, speeding up reactions and playing critical roles in various physiological functions.