Problem $10-2($LG $10-3)$

Suppose you purchase a Treasury bond futures contract at a price of $93$ percent of the face value, $$100,000.$

a$.$ What is your obligation when you purchase this futures contract?

b$.$ Assume that the Treasury bond futures price falls to $92\mathrm{.}30$ percent of face value. What is your loss or gain?

c$.$ Assume that the Treasury bond futures price rises to $94\mathrm{.}10$ percent of face value. What is your loss or gain?

Complete this question by entering your answers in the tabs below.

Req $B$ and $C$

What is your obligation when you purchase this futures contract?

You are obligated to purchase a bond worth at con