10) Today is March 31, and corporation RPK plans to issue $450 million in 30 year bonds on May 15th. These bonds are priced at par and have a modified duration of 15. RPK wants to hedge their interest rate risk using June T-bond futures contracts which have a price of 95 3/32 and a modified duration of 10. Show the following: How would RPK hedge in this situation using T-bond futures contracts? (Be specific) a. Show the net loss/gain if on May 15 the bond price is 96.22 and the June T-bond futures price is 92 3/32 b. Round to 4 decimals