You own a 6-month futures contract on U.S. Treasury notes. The underlying notes have a duration of 3.87 years. What is the duration of the futures contract?
A)3.37 years
B)3.67 years
C)3.87 years
D)4.12 years
E)4.37 years

Question

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The Answer of You own a 6-month futures contract on U.S. Treasury notes. The underlying notes have a duration of 3.87 years. What is the duration of the futures contract?
A)3.37 years
B)3.67 years
C)3.87 years
D)4.12 years
E)4.37 years

You Own a 6-Month Futures Contract on U