Suppose a hypothetical CBOT 13-year U.S. ,semiannual payment,6% coupon Treasury note futures contract has a quoted price of 103-180.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. )Do not round other intermediate calculations.
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A) ?$111
B) ?$94
C) ?$85
D) ?$71
E) ?$89

Question

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? 11ea856c_8b2b_ff29_9aec_95b1e0e16547_TB1222_00 Annual rate: I/YR = 5.62% 11ea856c_8b2c_263a_9aec_d92f2b81cc0e_TB1222_00 Change in price = ?$89
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Suppose a Hypothetical CBOT 13-Year U