You Hold a Futures Contract to Take Delivery of U

Multiple Choice

You hold a futures contract to take delivery of U.S.Treasury bonds in 6 months.If the entire term structure of interest rates shifts down over the 6-month period,the value of the forward contract will have ________ the date of delivery.

A) increased in value by
B) decreased in value by
C) the same value as when obtained on
D) either decreased in value or have a zero value by
E) zero value by