A cash manager borrows on the money market for periods of $3$ months. He used $40$ futures contracts to hedge his interest rate risk position on March $17.$ At that time, Eurodollar futures were trading at $92\mathrm{.}70.$ On June $17,$ the treasury manager closed his position with a price of $92\mathrm{.}94.$ At the end of the day on June $17,$ the cash manager renewed its loan at $7\mathrm{.}00\%.$ Calculate the net result of this hedging strategy.

A$.$ This strategy resulted in an imperfect and unfavorable hedge with a net loss of USD $24,000.$

B$.$ This strategy resulted in an imperfect and favorable hedge with a net profit of USD $6,000.$

C$.$ This strategy resulted in an imperfect and unfavorable hedge with a net loss of EUR $24,000.$

D$.$ This strategy resulted in an imperfect and favorable hedge with a net profit of EUR $30,000.$

E$.$ This strategy resulted in an imperfect and favorable hedge with a net profit of EUR $6,000.$

F$.$ This strategy resulted in an imperfect and favorable hedge with a net profit of USD $18,000.$

G$.$ This strategy resulted in an imperfect and favorable hedge with a net profit of USD $30,000.$