Suppose you go long 10 Eurodollar futures contracts at a price of 97. When the futures contracts settle at expiration, 3-month LIBOR is 1%.

Ignoring commissions and margin interest, what is the gain or loss of your position?

A.$9,600 loss

B.$3,000 gain

C. $2,500 loss

D.$25,000 loss

E.$25,000 gain

That's all the question about.