3 poll You hedged your bank's exposure to declining interest rates by buying on June Treasury bond futures contract at the opening price of 118-075. Please note that the bond futures have a face value of $100,000 (Remember that premiums are quoted in 32nds) O $109,234, 124 O $118,234.38 O $119,234.375 O $118,487.012 QUESTION 28 3 point The Shirley State Bank has 590 million in transaction deposits subject to legal reserves. This bank must hold 3 percent legal reserves up 10 545 million of transaction deposits and 10 percent legal reserves on any amount above this. What is this bank's total legal reserves? $2.7 million $5.93 million $3,66 million $4.85 million AIRTIAREA