Consider a trader who takes a long position in a six-month forward contract on the euro. The forward rate is $1.75 = 1.00; the contract size is 62,500. At the maturity of the contract the spot exchange rate is $1.65 = 1.00. Find the trader's profit/loss.

a. 625

b. -625

c. 6250

d. -6250

(How would I solve this following question)