Multiple Choice
Assume the following information is given: $1 million (face value) , thirteen-week T-bill futures contract, and the final index price is 95.00. The settlement price for this contract is:
A) $987.361
B) $987,534
C) $1,012,465
D) $1,012,639
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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