The current price for a futures contract that matures in 283 days is CAD1.46/EUR. The size for a futures contract on EUR is EUR 125,000 and the futures price has risen to CAD1.466/EUR by the close of trading. If you own 7 futures contracts, how much can you gain under marking to market?
.5250
b. 875,000
c. 1,277,500
d. 4,127
e. 1,282,750