Suppose it is Jan 1st, and the futures price for August 1st delivery of a 1-year zero-coupon government T-bill is $96/$100FV. The size of one contract is for $1M face value

If your bank goes long 20 contracts, is this a bet that interest rates are going to increase, or decrease? (type increase or decrease)

If your bank goes long 20 contracts, and the price of the August 1st future increases to $97, how much money is the bank up in this contract?

The current $-Duration of a banks assets minus liabilities is 200M. If interest rates rise and the interest rate factor on all securities increases by 3%, how does the banks book value of equity change (in millions)? (note: a change which is a decrease would be a negative change)