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Suppose you purchase a Treasury bond futures contract at a price of 94 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 94 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 92.10 percent of face value. What is your loss or gain? c. Assume that the Treasury bond futures price rises to 96.00 percent of face value. What is your loss or gain?

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