Variance swap.

The payoff of a variance swap is $$120,000.$ The strike variance is $10\mathrm{.}3$ and the realized variance is $11\mathrm{.}8.$

a$.$ What is the vega notional value?

$

Round your answer to the nearest dollar.

b$.$ What is the variance notional value?

$

Round your answer to the nearest dollar.

USE EXCEL AND SHOW EXCEL FORMULA