1. The March CBOT Treasury bond futures contract has a quoted price of 97'12. If annual interest rates go up by 1.25 percentage point, what is the gain or loss on the futures contract? Round to the nearest whole dollar.
2. What’s the difference between business risk and financial risk?
3. LMN Mutual Insurance Company has total liabilities of $340 million. The company has total assets of $380 million. What is LMN's policyholders' surplus? Show all work.