The U.S. Dollar/Euro exchange rate is $1.80 = 1.00. Consider a trader who takes a long position in a six-month forward contract on the euro. The forward rate is $1.75 = 1.00; the contract size is 62,500. At the maturity of the contract the spot exchange rate is $1.65 = 1.00.

A)What is the forward premium (discount) at which the euro was trading against the U.S. dollar?

B)What has the trader made or lost at the maturity of the contract?