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Required: You purchase a Treasury-bond futures contract with an initial margin requirement of 15%...

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Accounting

Required:
You purchase a Treasury-bond futures contract with an initial margin requirement of 15% and a futures price of $113,100. The contract is traded on a $100,000 underlying par value bond. If the futures price falls to $107,100, what will be the percentage loss on your position? (Input the value as positive value. Do not round intermediate calculations. Round your answer to 2 decimal places.)
Total percentage loss
%
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