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#2 Dudley Savings Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 123-100. Dudley Savings thinks interest

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#2 Dudley Savings Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 123-100. Dudley Savings thinks interest rates will go down over the period of investment. The face value of the bond underlying the futures contract is $100,000. b) Given your answer to part (a), calculate the net profit to Dudley Savings Bank if the price of the futures contracts decreases to 122- 310. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16) Net profit

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