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By what amount will the market value of a Treasury bond futures contract change if interest rates rose from 5.15 to 5.7 percent? The underlying

By what amount will the market value of a Treasury bond futures contract change if interest rates rose from 5.15 to 5.7 percent? The underlying Treasury bond has a duration of 11.36 years and the Treasury bond futures contract is currently quoted at 113-06. (Remember that Treasury bonds are quoted in 32nds.) [Alert: watch its sign + or -]

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Write your answers with two decimal points (e.g., 59.74, 31.50%, $802.57, $67.00 million).

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