Three days ago, you entered into a futures contract to sell €62,500 at $1.50 per €. Over the past three days the contract has settled at $1.50, $1.52, and $1.54. How much have you made or lost?
a. Lost $0.04 per € or $2,500
b. Made $0.04 per € or $2,500
c. Lost $0.06 per € or $3,750
d. None of the above.