The standardized rate on a futures contract

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"The June Treasury bond futures contract has a quoted price of 102'12. Are current market interest rates higher or lower than the standardized rate on a futures contract?

higher, because the contract is selling at a discount

higher, because the contract is selling at a premium

lower, because the contract is selling at a premium

more information is required to answer this question

None of the above answers is correct

Reference no: EM131020420

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