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-You Sold 15 of the December Treasury Bond Futures at Lifetime

Question 92

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}

-You sold 15 of the December Treasury bond futures at the opening price on this day and closed your position at the closing price. What was the profit on this transaction?


A) $9,875
B) - $11,250
C) $13,140
D) - $9,875
E) $11,250

Correct Answer:

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