You Find the Following Current Quote for the March T-Bond

question 9

Multiple Choice

You find the following current quote for the March T-Bond contract: $100,000; Pts 32^nd, of 100% You went long in the contract at the open. Which of the following is/are true?
I. At the end of the day, your margin account would be increased.
II. 55,210 contracts were traded that day.
III. You agreed to deliver $100,000 face value T-Bonds in March in exchange for $89,120.
IV. You agreed to purchase $100,000 face value T-Bonds in March in exchange for $89,375.

• A) I, II, and III only
• B) I, II, and IV only
• C) I and III only
• D) I and IV only
• E) IV only

---

Definitions:

Customizing Orders

The process of making changes to standard product offerings to meet the specific needs or preferences of a customer.

Profit Margin

A financial metric that measures the percentage of profit a company produces from its total revenue.

Additional Labor

Employees or work hours added beyond the initial planning or standard staffing levels, often to meet increased production demands or to cover for unexpected labor shortages.

Variable Cost Concept

A cost that varies with the level of output or activity, in contrast to fixed costs, which remain constant regardless of activity.