can some one help plz

Question 1: Answer the following Five questions: (10 Marks) 1. What is the meaning of a Treasury bond fufures price quote of 176-16? (2 marks) Note: Meaning 1 mark, actual dollar amount of the quote I mark 2. If the T-bond futures price, that you calculated in question I above, increases to 177.130% of the face value, identify if the long position incurs a loss/ gain? (Show your calculation) (3 marks) Note: Deciding gain or loss 1 mark, work 1 mark, answer 1 mark