Futures contract to sell-how much have you made or lost

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Reference no: EM13828750

Three days ago, you entered into a futures contract to sell €62,500 at $1.50 per €. Over the past three days the contract has settled at $1.50, $1.52, and $1.54. How much have you made or lost?

a. Lost $0.04 per € or $2,500

b. Made $0.04 per € or $2,500

c. Lost $0.06 per € or $3,750

d. None of the above.

Reference no: EM13828750

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