Suppose a hypothetical CBOT 13-year U.S. ,semiannual payment,6% coupon Treasury note futures contract has a quoted price of 89-090.If the note has a $1,000 par value,what is the implied annual interest rate inherent in this futures contract? Do not round your intermediate calculations.
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A) 7.35%
B) 8.30%
C) 7.28%
D) 8.15%
E) 5.97%

Question

Quizplus · Accepted Answer

11ea856c_8b2b_62e7_9aec_d7db852983b9_TB1222_00 Annual rate: I/YR = 7.28%
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Suppose a Hypothetical CBOT 13-Year U