Amber McClain, a currency trader, uses futures quotes on the British pound to speculate on its value. Use the following quotes and the fact that each contract is for 62,500 pounds to answer two questions. Assume that she transacts at the closing price. British Pound Futures, US\$/pound (CME) If Amber sells 6 June pound futures, and the spot rate at maturity is $1.44/E, what is the value of her position? $8,925 $1,487.50 $9,525 $9,525 $8,925 This is the same first paragraph and market data as the last problem: Amber McClain, a currency trader, uses futures quotes on the British pound to speculate on its value. Use the following quotes and the fact that each contract is for 62,500 pounds to answer two questions. Assume that she transacts at the closing price. British Pound Futures, US\$/pound (CME) If Amber buys 11 March pound futures, and the spot rate at maturity is $1.45/, what is the value of her position? $18,700$18,700$1,700$20,556.25$20,556.25