Assume that a 90 Day Bank Accepted Bill futures contract (underlying asset $1,000,000 of 90 -day BABs) with a delivery date three months from now is quoted at 97.41. The value of the asset underlying the futures contract would be approximately: $986,621 $973,593 $993,654 $987,388 Assume a company has issued $2 million and fears that interest rates will increase in the next 3 months. If the issuer enters into Eurodollar futures at 95.68 and closes out at 93.24, what is the gain or loss on the futures position per contract? 1 basis point is equal to $25. A loss of $6,100 A gain of $6,100 A loss of $244 A gain of $244