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usmc2rn usmc2rn
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A month ago
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.
Textbook 

Fundamentals of Investing


Edition: 14th
Authors:
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andre9119andre9119
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A month ago
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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.

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