Assume that today the euro spot rate is $1.1620/E and that the euro futures contracts with a June 18th delivery date are priced at $1.1680/E. Suppose that you bought 20 contracts of the euro futures today. If, by June 18th, the spot rate is $1.1260/E, your totalprofit/loss on your position will be (the euro futures contract size is E 125,000.

A. $105,000 loss

B. $105,000 Gain

C. $90,000 loss

D. $90,000 Gain

E. None your loss or gain should be measured in Euros