Exhibit 13-2 USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

Exhibit 13-2
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
A futures contract on Treasury bond futures with a December expiration date currently trade at 103:06. The face value of a Treasury bond futures contract is $100,000. Your broker requires an initial margin of 10%.
-Refer to Exhibit 13-2. Calculate the initial margin deposit.

A) $10,000
B) $10,360.50
C) $10,318.75
D) $10,230.63
E) $10,429.35