(Answered) Assume on a recent day the january 2017 sampp index futures

Finance

Assume on a recent day, the January 2017 S&P Index futures contract (i.e., the S&P contract which expires in January of next year) closed at 2000, down 40 points on the day. The value of the contract is set at 250 × the index.

How much value did each contract lose? Show your work.

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