Calculate how much a trader, who enters into a 90-day bank bill futures contract on 20 June with a quoted price of $94.00, will need to pay on settlement date (30 June) if the face value of the underlying bill is $500 000. A. $497 289 B. $499 179 C. $492 711 D. $500 000

Today's settlement price on a Chicago Mercantile Exchange (CME) yen futures contract is $0.8011/¥100. Your margin account currently has a balance of $2,000. The next three days' settlement prices are $0.8057/¥100, $0.7996/¥100, and $0.7985/¥100. (The contractual size of one CME yen contract is ¥12,500,000). If you have a long position in one futures contract, the changes in the margin account from daily marking-to-market, will result in the balance of the margin account after the third day to beGroup of answer choices$2,000.$1,675.$3,425$1,425.

If a company sells (discounts) a bank bill with a face value of $500 000, a term to maturity of 120 days, and a yield of 8.45% per annum, how much will the company raise on the issue? (Ignore transaction fees.)Group of answer choices$445 312.02$486 485.05$486 302.48$391 295.03

A 90-day bank bill that promises to pay $1 million at its maturity was issued 44 days ago. Calculate its price today if it is traded at a simple interest yield of 3.0% p.a. (Round your answer in dollars to 2 decimal places, e.g. put 1204.42 if your answer is 1204.4243.)

A US T-bill quote sheet has 90 day T-bill quotes with a 4.80 bid and a 4.74 ask (quoted yields). If the bill has a $10,000 face value an investor could SELL this bill immediately for You Answered  9,881.50 10000 × (1 - 0.0480 ×(90/360)) = 9880.00  9,877.00   9,878.50 Correct answer  9,880.00

A company enters into a short futures contract to sell 50,000 units of a commodity for 70 cents per unit. The initial margin is $4000 and the maintenance margin is $2000. What futures price will allow $2000 to be withdrawn from the margin account?? 78 cents 66 cents 74 cents 58 cents