CBOT30 Treasury bond futures have a face value of US$ 654.38 million, and are quoted at a face value of US$ 100. The front part of the quotation is an integer part and the back part is a decimal part. How many 1/32 does the quotation in the latter part represent (normally, the quotation for 30 years will be more detailed, and it should be three digits, representing how many 1/320).
Profit = 2 * [(96+16/32)-(92+8/32)] * 65438+million/100-2*50=8400 USD.