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Julie purchased four (4) S&P 500 index futures at a price of 1392. The contract size...

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
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