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 the question at the end. Assume that she transacts at the closing price.

British Pound Futures, US$/pound (CME)
							Open
Maturity	Open	High	Low	Settle	Change	High	Interest
March	1.4246	1.4268	1.4214	1.4256	0.0032	1.47	25605
June	1.4164	1.4188	1.4146	1.4152	0.003	1.455	809

If Amber sells 11 March pound futures contracts, and the spot rate at maturity is $1.4350/, what is the value of her position?