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-Suppose You Sold 8 of the March Treasury Bond Futures

Question 68

Multiple Choice

 Lifetime  Open  Open  High  Low  Settle  Chg  High  Low  Int  Dee 107.97108.97107.88108.720.72121.56102.44432,512 Mar 106.91107.50106.47107.310.81116.72101.1619,531\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 sold 8 of the March Treasury bond futures at the lifetime high and closed your position at the closing price this day. What was your profit on this transaction?


A) $67,140
B) $70,030
C) $72,320
D) $68,460
E) $75,280

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