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On Monday morning you sell one June T-bond futures contract at 97:27, that is, for $97,843.75....

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Finance

On Monday morning you sell one June T-bond futures contract at97:27, that is, for $97,843.75. The contract's face value is$100,000. The initial margin requirement is $2,700, and themaintenance margin requirement is $2,000 per contract. Use thefollowing price data to answer the following questions.

Day Settle

Monday $97,406.25

Tuesday $98,000.00

Wednesday $100,000.00

The cumulative rate of return on your investment after Wednesdayis a ________.

2.6% loss

53.9% loss

79.9% loss

33% gain

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Transcribed Image Text

On Monday morning you sell one June T-bond futures contract at97:27, that is, for $97,843.75. The contract's face value is$100,000. The initial margin requirement is $2,700, and themaintenance margin requirement is $2,000 per contract. Use thefollowing price data to answer the following questions.Day SettleMonday $97,406.25Tuesday $98,000.00Wednesday $100,000.00The cumulative rate of return on your investment after Wednesdayis a ________.2.6% loss53.9% loss79.9% loss33% gain

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