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Tom Lee, a currency speculator, sells 150 October futures contracts. The notional principal of each contract is 12,500,000. The settlement price is $0.009593/. What is

Tom Lee, a currency speculator, sells 150 October futures contracts. The notional principal of each contract is 12,500,000. The settlement price is $0.009593/. What is the value of his position at maturity if the ending spot rate is 110/$?

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