4. Stock index futures contracts 1. 3. Suppose that Pinnacle Insurance Company forecasts that stock market prices are going to increase considerably over the next three months and that they want to purchase200S\&P Midcap 400 index futures contracts that have settlements that are six months out. If the index has a value of 2,000 , and the value of a contract is 100 times the index's value, then Pinnacle Insurance Company will have invested in the futures contracts. Suppose after three months, the S\&P Midcap 400 index is 1,900 . If Pinnacle Insurance Company wants to offset their position, they would futures contracts, resulting in a total of . (Hint: Assume that there were no transaction costs and that the values you enter are all positive numbers.)