1. Jamie Rodriguez, a currency trader for Chicago-based Ventosa Investments, uses the following futures quotes on the British pound () to speculate on the value of the pound. If Jaime buys 5 June pound futures, and the spot rate at maturity is $1.3790/, what is the value of her position?

   British Pound Futures, US$/pound (CME)														Contract = 62,500 pounds
   														Open
   Maturity		Open		High		Low		Settle		Change		High		Interest
   March		1.4246		1.4268		1.4214		1.4228		0.0032		1.4700		25,605
   June		1.4164		1.4188		1.4146		1.4162		0.0030		1.4550		809

   	A.	-$11,625
   	B.	$11,625
   	C.	-$2,737.5
   	D.	$13,687.5