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Youpurchase a Treasury-bond futures contract with an initial margin requirement of 30% and a futures price of $115,100. The contract is traded on a $100,000

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Youpurchase a Treasury-bond futures contract with an initial margin requirement of 30% and a futures price of $115,100. The contract is traded on a $100,000 underlying par value bond. If the futures price falls to $108,100, what will be the percentage foss on your position? (Input the value as positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.) (X) Answer is complete but not entirely correct

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