Assume an insurance company purchases a call option on an S&P 500 Index futures contract for a premium of 20, with an exercise price of 2850. The value of an S&P 500 futures contract is 250 times the index. If the index on the futures contract increases to 2900, what is the gain on the sale of the futures contract? A) $5,700 B) $12,500 C) $7,500 D)$5,000 E$2,900 OA OB 1 pts OC OD OE