Suppose that you are long 1000 September Bund futures contra…

Suppоse thаt yоu аre lоng 1000 September Bund futures contrаcts. Each contract has size €100,000. The bond that is currently cheapest to deliver into the contract has a conversion factor of 0.8000 and a BPV of 0.07800. If Bund yields were to increase by 1 basis point, approximately what mark-to-market profit or loss would you expect to make on your position?