An Australian company has an existing 90-day 6.62% promissory note facility with a face value of AUD 900,000, which rolls over in 90 days. When it does roll-over (90 days later), the interest rate will rise to 7.37%. Foreseeing the interest rate rise, the company's CFO enters into a 90-day bank-accepted bill futures contract quoted at 93.88. The company closes out its futures position 90 days later at 93.13. Assume a 365 day year and disregard any margin call, transaction costs, or limits on contract sizes (i.e., you can get the exact contract size you need). 1) What opening position does the CFO take in the futures market and what is the contract value? (Assume the contract size matches the promissory note's face value) (Give The CFO takes an opening (No answer given) position on the futures with a contract value of AUD answer to 2 decimal places, e.g. 1 million = 1000000.00) 2) What does the CFO do to close the futures position and what is the value of the futures contract on closing? (Assume the contract size matches the promissory note's face value) The CFO closes the position by (No answer given) a futures contract valued at AUD (Give answer to 2 decimal places, e.g. 1 million = 1000000.00) 3) Does the company make profit or loss from futures transactions? How much? from its futures transactions of AUD (Give answer to 2 decimal The company made a (No answer given) places, e.g. 1 thousand = 1000.00)