Three Days Ago,you Entered into a Futures Contract to Sell

question 65

Multiple Choice

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 options