Calculate the value of a six-month futures contract on a Treasury bond. You have the following information:

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(Do not round intermediate calculations. Round your answer to 3 decimal places.)

Six-month interest rate: 12% per year

Cash price of the bond: 93.25.

Bond Coupon: 10%, paid as 4% semiannually.

Contract Value $

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Intermediate Accounting Volume 1

ISBN: 978-1119496496

12th Canadian edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy

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Posted Date: May 22, 2023 04:01 AM

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Calculate the value of a six-month futures contract on a Treasury bond. You have the following information:

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Intermediate Accounting Volume 1

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