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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

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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. O $70 -$120 $88.50 O $120

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