Two parties agree to a currency forward contract for 1 million at $1.15 per euro. At contract expiration, the euros trade at $1.17 per euro. In a cash-settlement forward contract, the:

A. short pays the long $1.15 million.

B. short pays the long $0.02 million.

C. long pays the short $0.02 million.

D. long pays the short $1.17 million.