Question: a. What is the implied nominal interest rate on a 10-year U.S. T-notes ($100,000) futures contract that settled at 100'24 (or 100-240)? Assume a 6%

a. What is the implied nominal interest rate on a 10-year U.S. T-notes ($100,000) futures contract that settled at 100'24 (or 100-240)? Assume a 6% semiannual coupon. b. If interest rates increased by 2%, what would be the contract's new value

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