Question on Hedge Fund Arbitrage Trade Example

[maoxindi]

I have a question on study note.
On page 76, for Arbitrage Trade example:

Under Downside:
how to calculate loss on bond position: $200 per bond?

 

[maoxindi]

I know how to calculate the loss on bond now. Please ignore the question.

 

[Juan B.]

Hi Maoxindi / Team,

How do you work out the loss of 200?

Thanks,

Juan