Houdinig Jestion 44 et yet swered Suppose the standard size of a copper futures contract is 25,000 pounds each. At the time of entering into a futures contract, the futures price is $22.50 per pound. At expiration of the futures contract, the copper price is $19.50 per pound. Which of the following is true? rked out of o Flag stion Select one: a. a. The short position on the contract will have a profit of $3 per pound. O b. The value of the copper futures contract at expiration is $562,500 c. The long position on the contract will have a profit of $3 per pound O d. At expiration the long position is expected to deliver 25,000 pounds of copper. 1:0 ENG 202