Suppose you purchase a Treasury bond futures contract at a price of 93 percent of the face value, $100,000. a. What is your obligation when you purchase this futures contract? b. Assume that the Treasury bond futures price falls to 91.50 percent. What is your loss or gain? c. Assume that the Treasury bond futures price rises to 94.80. What is your loss or gain?

What is your obligation when you purchase this futures contract?

You are obligated to purchase a bond worth

at contract maturity.

Assume that the Treasury bond futures price falls to 91.50 percent and rises to 94.80. What is your loss or gain? (Input the amounts as a positive value.)

b .
c.