Hedging biotech company is $\backslash (9\backslash \%\backslash ).$ However, the firm's financial manager is concerned that interest rates will climb even higher in coming months. The following data are available: $\backslash \%$ How many futures contracts will be needed to hedge potential losses in bond proceeds $($based on current market conditions$)$ due to waiting? Round your answer up to the nearest whole number. The firm must $-$Selectcontract$($s$)$ to cover the planned $\backslash (\backslash$$ $10,000,000\backslash )$ June bond issue. What is the total value of the hedge position? Use the rounded value of the number of contracts. Round your answer to the nearest cent. $\backslash$$ not round intermediate calculations. Round your answer to the nearest cent. $\backslash$$ How much less is this than the original target for proceeds? Do not round intermediate calculations. Round your answer to the nearest cent. Enter your answer as a positive value. $\backslash$$ answer to the nearest cent. $\backslash$$ What is the gain on the hedge? Use the rounded value of the number of contracts from part a$.$ Do not round other intermediate calculations. Round your answer to the nearest cent. $\backslash$$ your answer as a positive value. On net, the firm