Which of the Following About Australian Treasury Bond Futures Is

Multiple Choice

Which of the following about Australian Treasury bond futures is NOT correct?

A) The Australian Treasury bond futures contract of 8 per cent is quoted as 92.0.
B) If a dealer buys a futures bond contract at 92.750 and sells at 93.500, she makes a profit.
C) If a dealer buys a futures contract at 7 per cent and sells at 8 per cent, he makes a profit.
D) Futures are quoted as index of 100 minus the yield so that the dealer can buy high and sell low.