You are short 60 June 2012 2 Yr Treasury Note futures contracts. Calculate your

Question

You are short 60 June 2012 2 Yr Treasury Note futures contracts. Calculate your profit or loss from this trading day. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

You are short 60 June 2012 2 Yr Treasury Note futures contracts. Calculate your profit or loss from this trading day. (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Explanation / Answer

Beginning price = 110.067

Ending price = 110.075

Profit for the day =lot size x (Ending price – Beginning price)

                                   = 1000 x (110.075 -110.067)

                                    = $8

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