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Anthony Sanders, a currency trader for Valdosta Funds, uses the following futures quotes on the British pound () to speculate on the value of the

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Anthony Sanders, a currency trader for Valdosta Funds, uses the following futures quotes on the British pound () to speculate on the value of the pound. If he sells 20 Jaly pound futures, and the spot rate at maturity is $13214/, what is the value of her position? Contract 100 punte British Pound futures, US$ /pond Maturity July Hier 16 1365 1 1. $24.400 1,220 24,400 51,220

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