You find the following current quote for the March T-Bond contract: $100,000; Pts 32nd, of 100% Open: 89-12; High: 89-24; Low: 88-22; Settle: 89-22; Open Interest: 55,210 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 and III only B. I, II, and III only C. I, II, and IV only D. I and IV only
You find the following current quote for the March T-Bond contract: $100,000; Pts 32nd, of 100% Open: 89-12; High: 89-24; Low: 88-22; Settle: 89-22; Open Interest: 55,210 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 and III only B. I, II, and III only C. I, II, and IV only D. I and IV only
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
You find the following current quote for the March T-Bond contract: $100,000; Pts 32nd, of 100%
Open: 89-12; High: 89-24; Low: 88-22; Settle: 89-22; Open Interest: 55,210
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
IV. You agreed to purchase $100,000 face value T-Bonds in March in exchange for $89,375.
| A. |
I and III only |
|
| B. |
I, II, and III only |
|
| C. |
I, II, and IV only |
|
| D. |
I and IV only |
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