An investor buys a $100,000 Treasury bond futures contract at 99-13/32nds (99.40625 ). The following day the Treasury bond futures settlement price is 99-26/32nds (99.8125). What is the one-day profit or loss on the Treasury bond futures position?

a. A profit of $406.25.

b. A loss of $406.25.

c. A profit of $130.

d. A loss of $329.

e. A profit of $329.