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Calculate an intermarkethedge betting that technology stocks will outperform finance stocks. September Technology stock futuresare trading at 650.13, have a standard deviation of 52% and

Calculate an intermarkethedge betting that technology stocks will outperform finance stocks. September Technology stock futuresare trading at 650.13, have a standard deviation of 52% and a 0.8 correlation with the market.September Financestock futuresaretrading at 103.78, have a standard deviation of 123.84% and a 0.4 correlation with the market. The market's standard deviation is 21%.

What is your profit on August 15th if you close out your positions with Technology futures at 665.2 and finance futures at 123.84? Both futures have a $100 multiplier.

Provide your answer rounded to two decimals.

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