the following questions in regard to a Treasury futures contract expiring in 6 months. Reference asset market price: $102.00 per 100 face amount Reference asset coupon Rate: 2% annual amount, payable every 6 months 6-month financing rate: 1% annual rate, payable every 6 months Q1 (3pts) - What is the fair value of the futures contract? Q2 (3pts) - Assuming the futures contract is currently trading at 99.25, should you open a long or a short contract to earn an arbitrage profit? Q3 (3pts) - Using the standard holding period return formula, calculate the total return of your trade assuming you open a contract at 99.25 and close the position at the fair value calculated in Q1. You earn no income. Group of answer choices Q1 [ Choose ] Q2 [ Choose ] Q3 [ Choose ]