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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 a beta of

Create an Intermarket hedge betting that technology stocks will outperform finance stocks. September Technology stock futures are trading at 650 and have a beta of 2.6. September Finance stock futures are trading at 209 and have a beta of 1. What is your profit on August 15th if you close out your positions with Technology futures at 696 and finance futures at 191? Both futures have a $100 multiplier.

Provide your answer rounded to two decimals.

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