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
e.	none of the above