Suppose a $100,000 T Bond futures contract whose undert ng's duration is 9 years and has a current market pnce of $98,750. Market interest rates are 6% today but are expected to nse to 7.5%. What is the expected change in this futures contract's market price as a result of this change in interest rates? O a. -$62,883 b. $12,577 c.-$12,577 O d.$62,883 QUESTION 2 1 points Save Answer The Rowan Community Bank's asset portfolio has an average duration of 6 years and its liability portfolio has an average duration of 2.5 years. The bank has $500 million in total assets and $450 million in liabilities. The Rowan Community Bank is thinking about hedging its risk by using a Treasury Bond futures contract whose underlying's duration is 7.5 years and has a price of $98,000. How many futures contracts will it need to hedge its risk? O a. 4,464 contracts b.5,221 contracts c.2,551 contracts d. 3,061 contracts