You find the following current quote for the March T-bond contract: $100,000; Pts 32ⁿᵈ, of 100 percent.
Open High Low Settle Open Interest
89-12 89-24 88-22 89-22 55,210

You went long in the contract at the open. Which of the following is/are true?
I. At the end of the day, your margin account would be increased.
II. 55,210 contracts were traded that day.
III. You agreed to deliver $100,000 face value T-bonds in March in exchange for $89,120.
IV. You agreed to purchase $100,000 face value T-bonds in March in exchange for $89,375.

Multiple Choice
A. IV only
B. I and IV only
C. I and III only
D. I, II, and III only