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rate on a Treasury bond ($100,000) futures contract that settled at 100'16? If interest rates increased by 1%, what would be the contract's new value?...

What is the implied interest rate on a Treasury bond ($100,000) futures contract that settled at 100'16? If interest rates increased by 1%, what would be the contract's new value? (Brigham)

Brigham, Eugene F. Financial Management: Theory & Practice, 15th Edition. Cengage Learning, 20160101. VitalBook file.

Could this be shown with work...

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