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Mitch bought 10 futures contracts on copper at a price of $0.8063 per pound. Contracts on copper are set at 10,000 pounds. What is the

Mitch bought 10 futures contracts on copper at a price of $0.8063 per pound. Contracts on copper are set at 10,000 pounds. What is the amount of Mitch's profit or loss if the price on the maturity date is $0.8104?

a) $1,025.00

b) -$102.50

c) $410.00

d) -$410.00

e) -$1,025.00

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