You purchased a futures contract on oats at a futures price of 233.75, and at the time of expiration, the price was 261.25. What was your profit or loss?

A) $1375.00
B) −$1375.00
C) −$27.50
D) $27.50

The profit is calculated by subtracting the purchase price from the selling price and then multiplying by the contract size. For oats, the contract size is 5,000 bushels. Therefore, the profit is (261.25 - 233.75) * 5,000 = $27.50 * 5,000 = $137,500. However, since the options do not reflect this calculation accurately, it seems there was a mistake in the multiplication or interpretation of the contract size. Given the options provided, the closest correct answer, assuming a decimal place error, is $1375.00, indicating a possible misunderstanding in the question's presentation or a typo in the profit calculation.