Angela buys a Trea sury bond futures agreement for $94,000. On the delivery date, the spot price is $95,000. Does she win or lose? By how much? If Angela bought the futures contract to hedge, can she...

Angela buys a Trea sury bond futures agreement for $94,000. On the delivery date, the spot price is $95,000. Does she win or lose? By how much? If Angela bought the futures contract to hedge, can she lose? Explain. (Hint: What if she is willing to give up the opportunity for gain to reduce the risk of loss?)