Suppose that you are a portfolio manager. It is now May and you are anticipating the receipt of $2 million in 3 months that you would like to invest in $100,000 face value treasury bonds that have a 5.25% coupon, paid semiannually, and that mature in 20 years. Today's price on the T-bonds is 95-6/32. The yield at today's price looks attractive to you, but you are concerned that yields may fall over the 3 months before you get the $2 million inflow. You decide to hedge in the T-bond futures market to attempt to lock in today's yield. September T-bond futures contracts in $100,000 denominations are available today at 96-21/32. In August, when you receive the $2 million, the T-bond futures contracts have risen in price to 98-28/32. Assuming a naive hedge, after closing the futures position, the profit per futures contract is ________ and the total profit from the futures position is ________.