If the price of a T-Bill futures contract has an FIMM price of 96.00 at maturity. If a short delivers the required cash T-Bill into one maturing futures contract, the short will receive none of these other answers are correct $96,000 $990,000 $99,000 $960,000

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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If the price of a T-Bill futures contract has an FIMM price of 96.00 at maturity. If a short delivers the required cash T-Bill into one maturing futures contract, the short will receive

 

 

   

none of these other answers are correct

 

   

$96,000

 

   

$990,000

   

$99,000

 

   

$960,000

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