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Jack Hemmings bought a 3 month British pound futures contract for 14400 only to see the dollar appreciate to a value of 14250 at which time he sold the pound futures If each pound futures

Jack Hemmings bought a 3-month British pound futures contract for $1.4400/£ only to see the dollar appreciate 
to a value of $1.4250 at which time he sold the pound futures. If each pound futures contract is for an amount of 
£62,500, how much money did Jack gain or lose from his speculation with pound futures?
A) $937.50 loss
B) $937.50 gain
C) £937.50 loss
D) £937.50 gain

Apr 19 2021 View more View Less

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