Forward Contract Profit Calculation

A company, ABC Corp, enters into a 1-year forward contract to buy 1,000 units of a product at a predetermined forward price of $50 per unit. The current spot price of the product is $45 per unit. The risk-free rate is 5% per annum, compounded continuously. At maturity, the company finds that the spot price of the product has risen to $55 per unit.

In determining the fair value of the forward contract at the initiation of the contract, what is the expected profit or loss for ABC Corp at maturity if they fulfill the contract?