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Problem 42 Jack Hemmings sold a 3-month British pound futures contract for $1.4400/E only to see the dollar appreciate to a value of $1.4250/E at which time he sold the pound futures. 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!? A. $937.50 loss 12 B. S937.50 gain C. 937.50 loss D. 937.50 gain Answer: A