(Choose 1 answer)
Yesterday, you entered into a futures contract to buy €62,500 at $1.50 per €. Suppose the futures price closes today at $1.46. How much have you made/lost?
A. Depends on your margin balance.
B. You have made $2,500.
C. You have lost $2,500.
D. You have neither made nor lost money, yet.
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