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Anna decides to buy a Treasury note futures contract for delivery of $100,000 face amount in June, at a price of 110'29.0. At the same
Anna decides to buy a Treasury note futures contract for delivery of $100,000 face amount in June, at a price of 110'29.0. At the same time, Max decides to sell a Treasury note futures contract if he can get a price of 11029.0 or higher. The exchange, in turn, agrees to sell one Treasury note contract to Anna at 110'29.0 and to buy one contract from Max at 110'29.0. The price of the Treasury note decreases to 110'12.0. Calculate Anna's gain/loss. Please note that loss should be entered with minus sign. Round the answer to two decimal places
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