1. Three days ago, you entered into a futures contract to buy five futures contracts (each with 62,500 attached) at $2.25 per . Over the past three days the contract has settled at $2.20, $2.22, and $2.27. How much have you made or lost?

   		-6250
   		1250
   		6250
   		-1250

2. You bought a 3-month British pound futures contract for $1.25/. At the time you closed your futures position, the futures price was .625/$. If each pound futures contract is for an amount of 62,500, what is your profit/loss in terms of dollars?

   		-10,937.5
   		-21,875
   		21,875
   		10,937.5