Assuming that there are no brokerage fees, a trader who entered a long BAB futures position at 96.30 and later closed-out at 96.70:

A. will earn a profit of $0.40 per contract

B. will make a loss of $0.40 per contract

C. will earn a profit of $969.50 per contract Price of long contract = $990,959.19; Price at closing-out = $991,928.69. Profit = $969.50

D. will make a loss of $969.50 per contract.

E. Will receive $96.70 at close-out.