If the price of a T-Bill futures contract has an FIMM price of 96.00 at maturity. If a short delivers the required cash T-Bill into one maturing futures contract, the short will receive none of these other answers are correct $96,000 $990,000 $99,000 $960,000
If the price of a T-Bill futures contract has an FIMM price of 96.00 at maturity. If a short delivers the required cash T-Bill into one maturing futures contract, the short will receive none of these other answers are correct $96,000 $990,000 $99,000 $960,000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
If the price of a T-Bill futures contract has an FIMM price of 96.00 at maturity. If a short delivers the required cash T-Bill into one maturing futures contract, the short will receive
none of these other answers are correct
|
||
$96,000
|
||
$990,000 |
||
$99,000
|
||
$960,000 |
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