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On Monday morning you sell one June T-bond futures contract for $97,843.75. The price of this futures contract for the rest of the week is

On Monday morning you sell one June T-bond futures contract for $97,843.75. The price of this futures contract for the rest of the week is as follows:

Day Settle

Monday $97,406.25

Tuesday $98,000.00

Wednesday $99,800.00

Thursday $98,500.00

Friday $98,200.00

What is the gain (or loss) that the futures exchange will credit (or deduct from) the account on Wednesday?

Group of answer choices

$1,800

-$1,956.25

$1,956.25

-$1,800

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