Question

The purchaser of a tbond futures contract priced at 101-16 at the time of the sale agrees to deleiever 100,000 facevalue treasury bond in exchange for

Answer 1

The answer is "True".

Step-by-step explanation:

Please find the complete question in the attached file.

It implies that its price of the bond is 101-16, which is to say

`\to 101 + (16)/(32)\\\\\to (3232+ 16)/(32) \\\\\to (3248)/(32) \\\\\to 101.5`

Each bond is thus stated as
`101.5 \%` face value

`\to 101.5\% * 100,000 \\\\\to 101,500.00`

That's why this statement is true.