Question: Can you please provide the explanation, formula and correct answer for the problem above? Thanks, You entered into a short position on a future's contract

Can you please provide the explanation, formula and correct answer for the problem above?

Thanks,

You entered into a short position on a future's contract to sell euros at the entry price of $1.6 per euro. At the maturity of the contract, you delivered the euros at $1.55 per euro. What was your total gain or loss from the marking to market over the contract? The contract size is 100,000 euros. Select one: a. 3,500 b. $5,000 c. 5,000 d. $4,750 e. $4,500 Clear my choice

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