USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 120

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
A futures contract on Treasury bond futures with a December expiration date currently trade at 103:06. The face value of a Treasury bond futures contract is $100,000. Your broker requires an initial margin of 10 percent.
-Refer to Exhibit 15.8. Calculate the current value of one contract.

• A) $100,000
• B) $103,600.5
• C) $103,187.5
• D) $102,306.3
• E) $104,293.5

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Definitions:

Somatic Motor Nervous System

A part of the peripheral nervous system that controls voluntary movements of the body by innervating skeletal muscles.

Conscious Movement

Voluntary actions and movements controlled by the brain, reflecting awareness and intent.

Receptor Molecules

Proteins located either on the cell surface or inside of a cell that bind to specific molecules like hormones, neurotransmitters, or drugs, initiating a physiological response.

Muscarinic

Relating to or denoting the type of acetylcholine receptor found in various organs that responds to muscarine.