6. Futures Contracts (LO3, CFA4) You buy (go long) five copper futures contracts at 100 cents per pound, where the contract size is 25,000 pounds. At contract maturity, copper is selling for 102 cents per pound. What is your profit (+) or loss (−) on the transaction?

a. −$2,500

b. +$2,500

c. −$25,000

d. +$25,000