Bill Baher, a private investor, purchased a futures contract on Treasury bonds at a price of 102-12. Two months later, Baher sells the same futures contract in order to close out the position. At that time, the futures contract specifies 103-15. What is Baher's nominal profit? The par value of the futures contract is $100,000.

A.) $1,030.00; profit

B.) $1,030.00; loss

C.) $1,093.75; profit

D.) $1,093.75; loss