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Calculate the value of a six-month futures contract on a Treasury bond. You have the following information: (Do not round intermediate calculations. Round your answer

Calculate the value of a six-month futures contract on a Treasury bond. You have the following information: (Do not round intermediate calculations. Round your answer to 3 decimal places.)

Six-month interest rate: 10% per year

Spot price of bond: 90.00.

Bond coupon: 8%, paid as 4% every six months

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