Calculate your profit, measured in dollars, from the following trade. You may assume that the entire profit is realized at maturity.

On 1/3, you enter 1 long futures contract on the dollar at a price of 0.784 with a multiplier of 10,000. The spot price of the dollar on 1/3 is 0.779.

The futures contract matures on 7/14 at which time the spot price of the dollar is 0.791.

Group of answer choices

$120

$88.50

-$70

-$120