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Create an intermarket hedge betting that technology stocks will outperform finance stocks. September Technology stock futures are trading at 650 and have beta of 3.

Create an intermarket hedge betting that technology stocks will outperform finance stocks. September Technology stock futures are trading at 650 and have beta of 3. September Finance stock futures are trading at 209 and have a beta of 0.6. What is your profit on August 15th if you close out your positions with Technology futures at 712 and finance futures at 203? Both futures have a $100 multiplier. Provide your answer rounded to two decimals.

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