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Which of the Following Statements Is True for a 10-Year

Question 42

Multiple Choice

Which of the following statements is true for a 10-year bond future contract?


A) Trading ceases on the 15th day of the settlement month.
B) Trading ceases on the last business day of the contract month.
C) Settlement day is the third business day after the day when trading ceases.
D) Settlement day is the second business day after the day when trading ceases.

Correct Answer:

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