USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 78

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 initial margin deposit.

• A) $10,000
• B) $10,360.50
• C) $10,318.75
• D) $10,230.63
• E) $10,429.35

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Definitions:

Psychic Epidemics

Mass psychological phenomena in which a large number of people exhibit similar mental symptoms or behaviors, often as a result of shared stressors or fears.

Psychological Origin

Refers to the underlying psychological factors or conditions that contribute to the development of behaviors, thoughts, or emotions.

Divine Madness

A state of being believed to be inspired by divine forces, often associated with creativity or religious ecstasy.

Prophetic Gifts

Spiritual endowments in some religious traditions that enable individuals to receive and communicate messages from the divine or supernatural realm.