I am currently confused about these questions. please help me to figure out these questions. thanks

Boyd Company sold a futures contract (one) on Treasury bonds that specified a price of 98-19. When the position was closed out, the price of the Treasury bond futures contract was 100-09. A. Did interest rates increase or decrease? How do you know? What was Boyd's profit or loss from this contract (ignoring transaction costs)? B. I have an similar example but dont understand where 32 comes from. Interest Rate Futures (T-Bonds) Assume that a futures contract on Treasury bonds with a face value of $100,000 is purchased at 93-00. If the same contract is later sold at 94-18, what is the gain, ignoring transactions costs? Committed to buy at $93,000 Able to sell for 94 18/32 94,562.50 Gain = 94,563-93,000-$ 1,562.50