John Evens sold (short-position) a 6-month British pound futures contract for $1.46/ only to see the dollar depreciate to a value of $1.4450/ over the next 6- month. 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? $937.50 gain 937.50 gain $937.50 loss 937.50 loss None of the answers is correct