Calculate how much a trader,who enters into a 90-day bank bill futures contract on 20 June with a reported 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)$500 000
D)$492 711

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The Answer of Calculate how much a trader,who enters into a 90-day bank bill futures contract on 20 June with a reported 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)$500 000
D)$492 711

Calculate How Much a Trader,who Enters into a 90-Day Bank