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An Investor Buys a $100,000 Treasury Bond Futures Contract at 99-13/32nds

Question 14

Multiple Choice

An investor buys a $100,000 Treasury bond futures contract at 99-13/32nds. The following day the Treasury bond futures settlement price is 99-26/32nds. What is the one-day profit or loss on the Treasury bond futures position?


A) A profit of $406.25.
B) A loss of $406.25.
C) A profit of $130.
D) A loss of $329.
E) A profit of $329.

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