Kizspy | Question: 26 (Choose 1 answer)
(18466) Assume that a futures contract on Treasury bonds with a face value of $100,000 is purchased at 93-00. If the same contract is later sold at 94-18, what is the gain, ignoring transactions costs?
A. $1,180,000
B. $11,800
C. $15,625
D. $1,562.50
