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?

You are obligated to purchase a bond worth $ at contract maturity.

b.	Assume that the Treasury bond futures price falls to 91.4 percent. What is your loss or gain? (Input the amount as a positive value.)

$

c.	Assume that the Treasury bond futures price rises to 92.9. What is your loss or gain? (Input the amount as a positive value.)

$