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You hedged your bank s exposure to declining interest rates by buying one June Trea - sury bond futures contract at the opening price on

You hedged your banks exposure to declining interest rates by buying one June Trea- sury bond futures contract at the opening price on April 10, as presented in Exhibit 82. It is now Tuesday, June 10, and you discover that on Monday, June 9, June T-bond futures opened at 115-165 and settled at 114-300.
A. What is the profit or loss on your long position as of settlement on June 10?
B. If you deposited the required initial margin on April 10 and have not touched the equity account since making that cash deposit, what is your equity account balance?

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