Given the following information, calculate the profit or loss you would receive from purchasing this fed funds future contract:

• You purchase 20 fed funds futures contracts of $5MM at the start of June at $99.92 per contract.
• On June 30^th, the effective fed funds rate is 10bps.
• The tick size is $0.005 per tick
• The value per tick is $10.5125

-$782.00

-$841.00

$782.00

$841.00