Julie purchased four S&P 500 index futures at a price of 1392. The contract size is $250 times the index value. The futures are maturing today at a price of 1387.5. What is the amount of her profit or loss?
A)−$3,125
B)−$4,500
C)−$5,625
D)−$13,575
E)−$15,625

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The Answer of Julie purchased four S&P 500 index futures at a price of 1392. The contract size is $250 times the index value. The futures are maturing today at a price of 1387.5. What is the amount of her profit or loss?
A)−$3,125
B)−$4,500
C)−$5,625
D)−$13,575
E)−$15,625

Julie Purchased Four S&P 500 Index Futures at a Price