2. Suppose you purchase a Treasury bond futures contract at a price of 95 percent of the face value, $100,000. (LG 103) a. What is your obligation when you purchase this futures contract? b. Assume that the Treasury bond futures price falls to 94 percent. What is your loss or gain? c. Assume that the Treasury bond futures price rises to 97 . What is your loss or gain? 4. Tree Row Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 95-040. Tree Row thinks interest rates will go up over the period of investment. (LC 10-2) a. should the bank go long or short on the futures contracts? b. Calculate the net profit to Tree Row Bankif the price of the futures contracts decreases to 94-280. c. Calculate the net profit to Tree Row Bank if the price of the futures contracts incrwases to 95210