Assume That a T-Bill Futures Contract with a Face Value

Assume that a T-bill futures contract with a face value of $1 million is purchased at a price of $95.00 per $100 face value. At settlement, the price of T-bills is $95.50. What is the differencebetween the selling and purchase price of the futures contract?

A) $.50
B) $50
C) $500
D) $5,000
E) none of the above