Julie purchased four (4) 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 1387.50.What is the amount of her profit or loss?
A) -$3,125
B) -$4,500
C) -$5,625
D) -$13,575
E) -$15,625
Correct Answer:
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