Suppose the December CBOT Treasury bond futures contract has a quoted price of 90-18 . 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, and round to the nearest whole dollar.)
1. ?$86.00
2. ?$172.00
3. ?$93.00
4. ?$92.00
5. ?$78.00