Suppose a U$.$S$.$ Treasury bond futures contract has a quoted price of $100\text{'}16.$ If annual interest rates go up by $1\mathrm{.}00$ percentage point, what is the gain or loss on the futures contract? $($Assume a $$1,000$ par value, and round to the nearest whole dollar.$)$

Group of answer choices

A loss of $$78$

A gain of $$78$

A loss of $$108$

A gain of $$108$