Which of the Following Statements Regarding BAB Futures Contracts Traded

question 16

Multiple Choice

Which of the following statements regarding BAB futures contracts traded on the ASX is FALSE?

• A)The face value of each contract is $1 million.
• B)The prices at which contracts trade reveal the 90-day forward rates.
• C)The value of the BAB futures contract is 100 minus the yield.
• D)The contract item is always 90-day BABs.
• E)Contract dates are Mar/Jun/Sep/Dec for the next 5 years.

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