Question: You purchase a Treasury-bond futures contract with an initial margin requirement of 20% and a futures price of $119,050. The contract is traded on a

You purchase a Treasury-bond futures contract with an initial margin requirement of 20% and a futures price of $119,050. The contract is traded on a $100,000 underlying par value bond. If the futures price falls to $106,100, what will be the percentage loss on your position?

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