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A Treasury Bond futures contract is selling in the market for $98,225 and has a...

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Accounting

A Treasury Bond futures contract is selling in the market for $98,225 and has a duration of 8 years. The same Treasury Bond is selling in the cash market for $98,625 and has a duration of 8.25 years. What is the basis for this futures contract? A) $400 B) .25 years C) $28,156.25 D) $1600 E) None of the above

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