(Answered) Suppose the december cbt treasury bond futures contract has

Finance

Suppose the December CBT Treasury bond futures contract has a quoted price of 103-18. If annual interest rates go up by 1.00 percentage point, what is the gain or loss on the futures contract? (Assume a $1,000 par value, round the new interest rate to 4 decimal places when written as a decimal, and round the change in price up to the nearest whole dollar.)

a. ($78.00)

b. ($82.00)

c. ($86.00)

d. ($91.00)

e. ($96.00)

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