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Suppose you purchase a Treasury bond futures contract at a price of 92 percent of the face value, $100,000. a. What is your obligation when

Suppose you purchase a Treasury bond futures contract at a price of 92 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 91.40 percent. What is your loss or gain? c. Assume that the Treasury bond futures price rises to 92.90. What is your loss or gain?

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