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Question 8 :Bryan purchased a 3-month British pound futures contract for $1.2871/. The pound depreciated to a value of $1.1500/ at which time he closed

Question 8:Bryan purchased a 3-month British pound futures contract for $1.2871/. The pound depreciated to a value of $1.1500/ at which time he closed the pound futures position. If each pound futures contract is for an amount of 62,500, how much money did Bryan gain or lose from his speculation with pound futures?

a.Loss 8,568.75

b.Gain 8,568.75

c.Loss $ 8,568.75

d.Gain $ 8,568.75

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