Homework Clinic
Social Science Clinic => Business => Finance => Topic started by: gjjjjjdkkkkk3k3k33k on Mar 29, 2022
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Which one of the following statements concerning financial futures is correct?
◦ Except for short-term securities, interest rate futures are quoted based on a percentage of the par value of the underlying debt security.
◦ Stock-index futures are priced at an amount equal to the value of the index.
◦ Foreign currency futures are based on 100,000 units of the foreign currency.
◦ An investor who is long on a financial future loses money when the value of the future rises.
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Except for short-term securities, interest rate futures are quoted based on a percentage of the par value of the underlying debt security.