Assume that a futures contract of 8 poir Treasury bonds specifies a par value of $100,000. A speculator purchased that futures contract at a price of 90% of the par value. One month later, the speculator closes out the position. At this time, the futures contract specifies a closing settlement market price of 92,312% of the par value. Requirements (answer in the same order requested and indicate each question's number): 1. Is the trader taking a long financial position or a short financial position? Explain. 2. Is the trader realizing a profit to long or a profit to short? Explain. 3. Calculate the nominal net profit of the trade. Show the formula, do the math, and indicate the units of measurement. 4. Express the net profit in percentage terms of the capital invested. Show the formula, do the math, and indicate the units of measurement