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Question
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
Answer
This answer is hidden. It contains 36 characters.
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