$\begin{array}{|l|r|r|r|r|r|rr|r}
\hline & & & & & & {\quad\quad\text { Lifetime }} && \text { Open } \
\hline & \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } & \text { High } & \text { Low } & \text { Int } \
\hline \text { Dee } & 107.97 & 108.97 & 107.88 & 108.72 & 0.72 & 121.56 & 102.44 & 432,512 \
\hline \text { Mar } & 106.91 & 107.50 & 106.47 & 107.31 & 0.81 & 116.72 & 101.16 & 19,531 \
\hline
\end{array}$
-Suppose you purchased 8 December Treasury bond futures contracts at the low for this day. What is the value of your investment?
A) $800,000
B) $851,750
C) $863,000
D) $871,750
E) $834,000

Question

$\begin{array}{|l|r|r|r|r|r|rr|r} 
\hline & & & & & & {\quad\quad\text { Lifetime }} && \text { Open } \
\hline & \text { Open } & \text { High } & \text { Low } & \text { Settle } & \text { Chg } & \text { High } & \text { Low } & \text { Int } \
\hline \text { Dee } & 107.97 & 108.97 & 107.88 & 108.72 & 0.72 & 121.56 & 102.44 & 432,512 \
\hline \text { Mar } & 106.91 & 107.50 & 106.47 & 107.31 & 0.81 & 116.72 & 101.16 & 19,531 \
\hline
\end{array}$
-Suppose you purchased 8 December Treasury bond futures contracts at the low for this day. What is the value of your investment?
A) $800,000
B) $851,750
C) $863,000
D) $871,750
E) $834,000

Quizplus · Accepted Answer

The value of the investment is calculated by multiplying the number of contracts (8) by the low price for the day (107.88) and then by the standard contract size for Treasury bond futures, which is $1,000. Thus, the calculation is 8 * 107.88 * $1,000 = $863,040.

-Suppose You Purchased 8 December Treasury Bond Futures Contracts at Lifetime