Exhibit 20.2 Use the Information Below for the Following Problem(S)

Exhibit 20.2
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%.
-Refer to Exhibit 20.2.Calculate the initial margin deposit.

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