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Use the following soybean futures quotes to answer this question. Soybeans: 5,000 bushels, cents and 1/8ths of a cent per bushel ExpLastNet ChgOpenHighLowSettle08 Sep13140341340213406131341314008 Nov12852+4213060131221280012852

Use the following soybean futures quotes to answer this question.

Soybeans: 5,000 bushels, cents and 1/8ths of a cent per bushel

ExpLastNet ChgOpenHighLowSettle08 Sep13140341340213406131341314008 Nov12852+4213060131221280012852

Last week, you purchased four November 08 soybean futures contracts when the price quote was 13006. What is your current profit or loss on this investment?

Multiple Choice

$3,100.00
$2,625.00
$31.00
$987.50
$3,350.00

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