题目内容

Typically, forward commitments are made with respect to all the following EXCEPT:

A. inflation.
B. bonds.
C. equities.

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A trader buys (takes a long position in) a T-bill futures contract ( $1 million face value) at 98.14 and closes it out at a price of 98.27. On this contract the trader has :

A. lost $325.
B. gained $325.
C. lost $1300.

If 60-day London Interbank Offered Rate (LIBOR) is 6 percent, the interest on a 60-day LIBOR-based Eurodollar deposit of $990000 is:

A. $10000.
B. $9900.
C. $60000.

Prior to expiration, an American put option on a stock:

A. is bounded by S-X/(1 +RFR)T
B. will sell for its intrinsic value.
C. will never sell for less than its intrinsic value.

Which of the following statements regarding the mark to market of a futures account is FALSE Marking to market of a futures account:

A. may result in a margin balance above the initial margin amount and may be done more often than daily.
B. is only done when the settlement price is below the maintenance price.
C. effectively adjusts the price of the future to the new equilibrium level.

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