Question: 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

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 100'12? Round your answer to two decimal places. ___%

If interest rates increased by 2%, what would be the contract's new value? Round your answer to the nearest cent. $___

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