Futures

What is the implied interest rate on a Treasury bond $($ $$100,000,6\%$ coupon, semiannual payment with $20$ years to maturity$)$ futures contract that settled at $100\text{'}16?$ Do not round intermediate calculations. Round your answer to two decimal places.

$\%$

If interest rates increased by $1\%,$ what would be the contract's new value? Do not round intermediate calculations. Round your answer to the nearest cent.

$ $$

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Partially Correct