Question
Sally decides to buy a Treasury note futures contract for delivery of $100,000 face amount in December, at a price of 1104.5. At the same
Sally decides to buy a Treasury note futures contract for delivery of $100,000 face amount in December, at a price of 1104.5. At the same time, Scott decides to sell a Treasury note futures contract if he can get a price of 1104.5 or higher. The exchange, in turn, agrees to sell one Treasury note contract to Sally at 1104.5 and to buy one contract from Scott at 1104.5. The price of the Treasury note increases to 11031.0. Calculate Sally's profit/loss.
Please note that loss should be entered with minus sign.
Round the answer to two decimal places
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