A Treasury bond futures contract settles at 95'8 a. What is the present value of the futures contract in dollars? b. If the contract settles at 95'8, are current market interest rates higher or lower than the standardized rate on a futures contract? Explain. c. Calculate the implied annual interest rate on the futures contract? d. Calculate the new value of the futures contract if interest rates increase by 1 percentage point annually. e. Calculate your profit or loss if you sold a futures contract at 95-8 and purchased offsetting contract an when rates increased by 1 percentage point annually