In answer have a 100 and 1000 where we get them

In response to the above scenario, management sells 500, 90-day Eurodollar time deposits futures contracts trading at an index price of 98. Interest rates rise as anticipated and your financial firm offsets its position by buying 500 contracts at an index price of 96.98. What type of hedge is this? What before-tax profit or loss is realized from the futures position