f you took a long position in two FTSE100 futures contracts at a price of 1,500 and it is priced by multiplying the FTSE 100 future contracts' value by 120. If the index futures was 1,505 at closed the position when, each contract covers you incurred

Select one:

a.

a loss of 1,200.

b.

a loss of 600.

c.

a gain of 1,200.

d.

a gain of 600.