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 90.60 percent of face value. What is your loss or gain? c. Assume that the Treasury bond futures price rises to 93.70 percent of face value. What is your loss or gain? Complete this question by entering your answers in the tabs below. Req A Reg B and C What is your obligation when you purchase this futures contract? You are obligated to purchase a bond worth at contract maturity