Which of the following statements regarding BAB futures contracts traded on the ASX is FALSE?
A) The face value of each contract is $1 million.
B) The prices at which contracts trade reveal the 90-day forward rates.
C) The value of the BAB futures contract is 100 minus the yield.
D) The contract item is always 90-day BABs.
E) Contract dates are Mar/Jun/Sep/Dec for the next 5 years.
Correct Answer:
Verified
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