USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 143

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. If the futures contract is quoted at 105:08 at expiration, calculate the percentage return.

• A) 1.99 percent
• B) 19.99 percent
• C) 20.62 percent
• D) 25.37 percent
• E) -13.65 percent

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Clothing items made from the textile fiber obtained from sheep and other animals, known for their warmth and durability.

Equilibrium Price

The market price at which the quantity of a good demanded equals the quantity supplied, leading to market balance.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price, where market supply and demand balance.

Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in a market, resulting in no surplus or shortage.