Question: Dell Savings Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 105-10 Dudley Sevings his rates will

 Dell Savings Bank wishes to take a position in Treasury bond

Dell Savings Bank wishes to take a position in Treasury bond futures contracts, which currently have a quote of 105-10 Dudley Sevings his rates will go down over the period of investment. The face value of the bond underlying the futures contract is $100.000 If the next day the price of the futures contracts increases to 105-22, the net profit to the bank is $. indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. (eg, 22.16) (Negative amount should be

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