Question: You bought 4 S&P 500 futures contracts with a future price of 1,545.5. At expiration, the S&P 500 index price is 1,658.86. What is

You bought 4 S&P 500 futures contracts with a future price of

You bought 4 S&P 500 futures contracts with a future price of 1,545.5. At expiration, the S&P 500 index price is 1,658.86. What is your profit and loss on the transaction? Remember, each contract represents ownership in 250 shares of the index. Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.

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