Anna decides to buy a Treasury note futures contract for delivery of $100,000 face amount in June, at a price of 110'16.5. At the same time, Max decides to sell a Treasury note futures contract if he can get a price of 110'16.5 or higher. The exchange, in turn, agrees to sell one Treasury note contract to Anna at 110'16.5 ahd to buy one contract from Max at 110'16.5. The price of the Treasury note decreases to 110'5.5. Calculate Anna's gain/loss. Please note that loss should be entered with minus sign. Round the answer to two decimal places. Your Answer: Answer

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