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In April, you sell 2 futures contract on 5-year Treasury notes for $100,000 of par value of the notes each at the futures price of
In April, you sell 2 futures contract on 5-year Treasury notes for $100,000 of par value of the notes each at the futures price of 105-2. In June, you close out your position at 107-26. What is your dollar gain or loss, to the nearest cent? (If a loss, precede the value with a negative sign. If you see just one digit after a hyphen, e.g., 110-3, interpret it as 110-03.)
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