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You purchased a Treasury bond futures contract at a price of 91 percent of the face value, $100,00. a. What is your obligation when you

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You purchased a Treasury bond futures contract at a price of 91 percent of the face value, $100,00. a. What is your obligation when you purchase this futures contract? b. Assume that the Treasury bond futures price falls to 89.60 percent. What is your loss or gain? c. Assume that the Treasury bond futures price rises to 92.30 percent. What is your loss or gain

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