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suppose you purchase a Treasury Bond futures contract at a price of 95 percent of face value, $100,000. What is your obligation when you purchase

suppose you purchase a Treasury Bond futures contract at a price of 95 percent of face value, $100,000.

  1. What is your obligation when you purchase this futures contract?
  2. Assume that the Treasury bond future price falls to 94 percent, what is your loss or gain?
  3. Assume that the Treasury bond future price rise to 97 percent, what is your loss or gain?

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