Suppose you purchase a Treasury bond futures contract at a price of 90 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 88.4 percent. What is your loss or gain? (Input the amount as a positive value.) $

c. Assume that the Treasury bond futures price rises to 90.9. What is your loss or gain? (Input the amount as a positive value.) $