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Yesterday, you entered into a futures contract to buy P 5 0 0 , 0 0 0 at $ 0 . 0 5 7 5

Yesterday, you entered into a futures contract to buy P500,000 at $0.0575 per P. The initial margin for this contract is $2,813. The maintenance margin requirement is $2,250. Suppose the futures price closes today at $0.0564. What are your profits / losses?
(a)-550.00
(b)550.00
(c)2,263.00
(d)3,363.00
(e) None of the above
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