Question

You find the following current quote for the March T-Bond contract: $100,000; Pts 32nd, of 100%


You went long in the contract at the open. Which of the following is/are true?
I. At the end of the day, your margin account would be increased.
II. 55,210 contracts were traded that day.
III. You agreed to deliver $100,000 face value T-Bonds in March in exchange for $89,120.
IV. You agreed to purchase $100,000 face value T-Bonds in March in exchange for $89,375.
A. I, II, and III only
B. I, II, and IV only
C. I and III only
D. I and IV only
E. IV only

Answer

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