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

I have an similar example but dont understand where 32 comes from.

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? B. What was Boyd's profit or loss from this contract (ignoring transaction costs)? 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