问题
单项选择题
A commodities investor establishes a $10 million collateralized futures position. If the futures are worth $10. 5 million three months later, and treasuries have an annualized return 4.75 percent during the period, the total gain on the position is:()
A. $ 500000.
B. $ 475000.
C. $ 618750.
答案
参考答案：C
解析：
The total return on the position equals the gain on the futures position plus the return on the Treasury bills: $ 500000+$10000000×4.75%×90/360=$ 618750.