One year ago, you sold a put option on $100,000$ euros with an expiration date of one year. You received a premium on the put option of $$0\mathrm{.}03$ per unit. The exercise

price was $$1\mathrm{.}26.$ Assume that one year ago, the spot rate of the euro was $$1\mathrm{.}24,$ the one$-$year forward rate exhibited a discount of $4$ percent, and the one$-$year futures

price was the same as the one$-$year forward rate. From one year ago to today, the euro depreciated against the dollar by $6$ percent. Today the put option will be

exercised $($if it is feasible for the buyer to do so$).$

a$.$ Determine the total dollar amount of your profit or loss from your position in the put option. Enter your answer as a positive value. Round your answer to the

nearest dollar.

The total

is $

b$.$ Now assume that instead of taking a position in the put option one year ago, you sold a futures contract on $100,000$ euros with a settlement date of one year.

Determine the total dollar amount of your profit or loss. Enter your answer as a positive value. Round your answer to the nearest dollar.

The total

is $